If I live a busy life and don't have the time or care to invest on my own, but want to put, lets say $200k to work, is a 15% cash flow return reasonable? 

@Amir Twig I've never been a fan of cold calling but I agree that it's great for adding that personal touch to your business. 

I also had horrific PMs, particularly involved with a 48 unit apartment complex in Houston.  

No, it's not a normal business practice and does not pass the smell test.From driving? 

Hey Wes, My business partner and I are investors/agents/wholesalers in Phoenix.

I have just read a book about this, and a business owner spoke about his employees who would take "multiple taxi trips in one day" or "dine at the most expensive restaurants even when alone" its just something that will happen.

"owned outright"- do the members have personal debt to support this, or is it both zero for personal and for the business?

My sister works with him much as part of her midtown business.

That way you have open forums, blogs, and messaging to ask questions, understand the syndicators criteria, and see all the posts syndicators are involved in.What criteria are you looking for as an investment for your next deal?

Having trusted resources in market have been helpful in managing our properties and contractors especially when my non-real estate related consulting business is in its busy season.