You either need to have a copy of the syndication's tax return or their profit and loss (P&L) statement or otherwise get this information from the syndication's bookkeeper or CPA.It only works if you have significant rents outside of your syndications, and your share of the syndication's rents is small in comparison, under 10% of the total rent across all of your holdings.8.

First of all did you do your bookkeeping?  

I do all of my rental bookkeeping in Buildium and find it sufficient for my needs.

We have our own full time bookkeeper also.

With 5 units you would basically doing the bookkeeping of a 25 unit apartment.

One of the benefit using a property management is they do the book keeping for you. 

And many of them can be pretty passive if set up right....not really different than hiring the right PM and bookkeeper.  

If the owner isn't willing to provide a P&L either he's hiding something (from you, the IRS, who knows) or his bookkeeping is such a mess that he has no P&L.

If you want to discuss property management or bookkeeping lets start a separate thread.I will start.Frankly I use a calculator.

If they have, separate from Sales, a Rental bookkeeper and an admin assistant along with one or more designated PM's, they should be able to properly serve you.