If the pwnership frequently changes perhaps the property doesnot live up to expectations so the owner dumps it to some other sucker, I mean owner. 

Or even more small fry like BP real estate investor that focus on $100/mo cash flow in Akron like that one lady.I frequently have these conversation, more often than Option 1 investors which I agree, tends to be new money or small investors.

Living in the area of my rentals, self managing, being onsite frequently, able to do repairs cheaply by doing them myself or having employees do them, owning in a relatively landlord friendly area, etc.

Like in a high-stakes bank robbery film, only this time you're negotiating the exciting and frequently unpredictable world of real estate financing rather than robbing a bank.

Also if you are looking OOS 20% down is frequently required and on the average price you're looking at 40k-80k down...

After that, I'm told that The closing must be attended in person, so I guess you'd  better sign a power of attorney over to a family member or friend you trust or,  get your frequent flyer miles up.

I live in North Myrtle Beach, have a large STR rental house in the Cherry Grove section of the beach, and frequent Myrtle Beach proper often for dining and shopping.  

And how can this objection be overcome for someone skeptical because of the delusional syndication deals that have taken place?

I'm generally skeptical and only half convinced by this explanation.

They frequently use unreasonable scope of work to get a projected range for max return otherwise it's usually not a deal.