I do find it odd that as a fellow Realtor, you mention "fat commissions."

I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants. 

Brian also mentioned, him and Ron were renovating houses on a large scale and had been building a foundation for massive traction in the workforce and affordable housing market in the Mid Atlantic (my friend Brian is an active real estate investor and GSP’s lead project/property manager).

I watched the webinar and noted his mention of mid March.

Like @Charles LeMaireand @Justin Kane mentioned Joe Fairless and @Theo Hicks have a great book that goes over every step of the process on how to become an apartment syndicator.Are you looking for a more active or passive approach?

Thank you so much in advance for your help.If you have a property manager and live 100s of miles away, it’s unlikely that you meet the material participation requirements to qualify for tax benefits you mentioned. ...

I will continue looking into the areas you mentioned and appreciate your insights.

Not to mention sky-high drama factor.

Albert in his comment above already mentioned what's going on.

I signed the contract mentioned above, that initially said no closing points to lendbase when we find a loan.