Multifamily syndication by average expecting 15% IRR with high single digit cash flow.I am not blaming those GP, but from financial perspective, the lending aspect of it doesn't make sense.

@Connor ThomasIf it’s going to cash flow negative have you considered just selling it even if you don’t make anything and you just bought yourself some free education?

@Robert FrazierUnfortunately, you will find those consultants at every level and aspect of development.

I was not trying to be negative, but simply pointing out the world typically response to what you make of it.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Many though, struggle to understand our market and the US culture of tenants.At the first negative issue, many panic and either want to sell or terminate us:(It can be done, but depends on your team and YOUR management of the manager.

I recently left my tech job to focus on different aspects of real estate investing including flipping, long term holds and real estate affiliate marketing.

A negative review from a tenant could be a positive review for an owner.Networking: Use forums like BiggerPockets for recommendations, but conduct thorough research yourself.Initial ScreeningNarrow your list to 5-10 candidates by reviewing their websites and scheduling Zoom interviews.

Can anyone chime in on the billing/legality aspect?

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.