I also have virtual cards that I assign for specific purchases, that way I know when that card is used what property and expense type to allocate it to.

There aren't many "short-term, get rich quick" type investment options in SoCal today. 

Does anyone have any suggestions on how these types of partnerships work?

@Chris Guldi, while I have not done this type of deal before, I would think your best bet would be to go to the actual syndicators you know and ask if there is interest in partnering and what that partnership may look like. 

I'm a little curious about some of your assumptions: 1) Vacancy at 3% is very low (5%-8% is more common), 2) 5% income and 0% expense growth aren't realistic - more common is to have the difference between your income and expense growth around 1%-2%, 3) Paying P&I during rehab isn't common - normally this is setup as an interest only period until the property is stabilized and then do a DSCR loan, 4) A proforma cap rate of 9.21% is very high for this type of property (this more of a cap rate for a Section 8 property).

What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF?

We offer a standalone eviction service that covers everything from filing to lockout if you need help.Hope this helps.

Do you use a varied investment approach or just one type?

If you click on the magnifying glass in the upper corner and type accounting software you’ll see the last few hundred times it’s been asked. 

He will be going out to site tomorrow to give me an update on their plan.Has anyone ever dealt with this type of scenario?