This guy has a very accessible, common sense approach to vetting syndications (in case you aren't already familiar):https://www.therealestatecrowd...He would tell you that to prioritize and heavily scrutinize sponsor quality and deal structure before you even begin "popping" their pro forma.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

@Aaron MoayedI didn’t google and spit out the first thing that popped up.

We'd lost a few in bidding wars, and then the right house popped back up that I knew would work.

Start talking to local owners in your area, especially the smaller mom/pop places.

In my local market too many Mom and Pops are gonna go under.

Popping the top of a 1 1/2 story building to add a 2nd story including full home mechanical upgrade, add passive gravity feed water mitigation system, I'm your "jelly-bean". 

The extra weight of the trees just pops the stump and roots out when the fall. 

Zillow gives me alerts when new properties come up in my search area and this one popped up.

It sounds like things are popping there!