.- I can invest across different types of deals unusual or difficult for a smaller investor (multi-family, opportunistic/distressed offices, hotels, etc.).- I don't need to put up as much upfront equity as I would need to for doing it myself and I can use that capital across multiple deals.- Pricing 'should' be better from the perspective of fees, contractors, rates, etc. that the sponsor gets vs. me as a solo investor.- I don't care if the investment is less liquid vs. an ETF or REIT and I would aim to hold it for 5+ years at the bare minimum.Some other questions I had and would appreciate any advice:- Is an average minimum of 12-15% irr reasonable for syndicated deals ($10mm - $100mm) with an experienced sponsor?

With a DSCR loan you should be able to do 80% LTV on a rate term refinance , but anything above that is going to be very unusual for the market, even for long term rentals. 

This is not unusual here, our markets are very seasonal.  

Even that would be unusually aggressive right now.

The IRS typically selects returns for audit based on unusual or suspicious patterns, not the sheer length of a return.

I would assume asking proof of income on something like this is not unusual to request in a sale.

I want to make sure I'm not overlooking any potential risks or unusual requests in this counter offer.Thank you in advance for your help!

I mean the challenge is in complying with them with an unusual structure. 

People in a particular business saying that their product or service is great, they’ve done it hundreds of times and it’s been great, is not unusual, whether true or not.  

Somewhat unusual situation: we are in escrow on a property, and the current lender was going to underwrite the new loan.