I would say as far as expectations, everything takes much longer.

-KevinThe fact is, buying duplexes or small multi-family does NOT make sense in all markets.If the purchase prices and rents are in line with what you stated in your post, you only really have 3 options that make sense: 1) don't buy a duplex, 2) find that rare gem of a deal (say a 200k duplex for 100k), or 3) relocate to an area where it does make financial sense. 

First one I ever went to several years ago = Didn't say a word. 

If site is not optimal then looking at say a Bojangles that won't pay close to the rent of a pharmacy.

The advance to using say a TX LLC in OK is that you don't have to obtain another TAX I.D., bank account, or operating agreement. 

I'm a GP myself and am pretty familiar with these documents.I'm sorry to say, as long as the syndicator used a reputable attorney to put the documents together, there is very little you can do and surplus funds are 99.9% chance going to the lender.The only path's I'm aware of would involve you proving the GP knowingly engaged in fraud (e.g: lied about something) OR they misappropriated funds (e.g: they bought a private jet with the money instead of real estate)Outside of those scenarios, my strong guess is no money will be recaptured.I'm sorry to be the bearer of bad news here.

I liked what @Brandon Goldsmith had to say as well about a lower down payment on an owner occupied home carrying less risk.  

This is why I say a US Bankruptcy is not really imminent.

All I can say as I pass him is, "do you even know what **** is happening right now."

What does the language in your contract say? A