Or better yet, hire an experienced Houston Realtor.Not sure if you’re new to Texas but make sure you understand the property tax system and that taxes are generally higher than many other US areas.  

Okay fellow BPer's,  I know some of you have experienced this or worse.

Find yourself an experienced partner who could use a little more money.

@Alex Deacon since you are very experienced in PA, do you have any issues evicting in the winter months?

I began work a brokerage about six months back, but have recently been searching for work as an assistant under a more experienced agent in order to learn the ins and outs of the business. 

Next step would be to find an experienced CPA (I always recommend working with professionals who are personally invested in real estate, since they will know the best ways to save you money, save you work and keep you protected.

If you're active in real estate, however, you'll become experienced in no time and may not need a realtor.

I hope others experienced in apartments will chime in as I put in some keywords, but in the meantime I suggest that you do a search here on syndication, and on multifamily. 

Any help from experienced investors with this type of transactions? 

Yes, I have a super-star mortgage banker who is both experienced and knowledgeable: He's helped us and our clients for well over a decade.