Start early, raise that equity well in advance, and make sure all those forms and verifications are filled out correctly.

It's always a scam.

Can anyone tell me if this is a genuine scam or is this a viable program to use a vehicle to start my Real Estate Investing journey.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

If i was giving someone 65k I would be on a plane and meeting them in person.Cannot say this about this website, but there are plenty of scams out there to take advantage of those in distress, including syndicators.

Separately from all of that - I recommend reviewing your lease up procedures to improve verification of signing tenants and their agreement and aware of terms and conditions. 

It might because they don't want any random person just setup a property management software to make it look legit and using it to scam people (tenants)

Rejects County’s Allegations That Lenders Engaged in ‘Integrated Equity-Stripping Scheme’14. https://www.pinecountynews.com/opinion/columns/protect-farmers-from-equity-stripping-scams/article_e2cfa266-7caa-11e9-b749-830948f9d469.htmlEquity stripping scams were particularly prevalent in the early 2000s.

Be sure to do a thorough credit and background check, as well as a residence and employment verification. 

They do minimal at best verification of the data the applicant provides.