At the end of the year it will print out a report per property of rental income, repairs, utilities, insurance, services, etc etc.

I've never heard of a Work Comp waiver - it's possible it exists in some states.If you have a person who would normally be defined as your employee for Work Comp purposes and they get seriously maimed on your project site I'm betting that waiver isn't worth the paper it's printed on.

I guess it’s contaminated by the print shop next door.  

The Buyer Agency Agreement (BAA), Buyer Agency Fee (BAF) or Buyer Agency Compensation (BAC) (however its called in your part of the country) cannot be displayed on MLS websites.

Low rates made some people a lot of money but also now that rates have normalized many are getting crushed in some investments.Right now rates need to stay near where they are and government needs to slow the printing press

Simply means they can process their report once on a service like Zillow and use it for up to 30 days or they can print it out and give it to you.

what's the fine print and exclusions?

All we did was print more money / driver interest rates even lower 

We printed a boatload of money.

Since you are discussing syndication, it is likely a passive investment to you.Whether the loss is ordinary or capital will depend on the type of investment and the positions taken by the partnership and will be displayed on the K-1.There are further things to consider such as whether the K-1 is fully disposed of or not.