The other risk is that a syndicator may show you historical performance of their last few deals, but those deals were done in 2010, 2012 and 2014, so the performance was propelled up by market forces.

I've seen many other companies capitalize on training over the past few years and now have either faded away or change their curriculum since the non-performing note market has dwindled. 

Strong performance from your first investment is going to give you an invaluable sense of confidence and enthusiasm.As far as knowing the midwest, get with someone who invests in & someone who manages property in the market you're considering.

Assuming the lease says he can use the parking space(s) and the iif the seller is unwilling to deal with the third floor tenant (and unless you have addressed this in the P&S she may not be interesteding in doing anything at this point) then you will have to once you own the property.

With a requirement that all this documentation be reviewed by a third party, adding to the costs of the project.

Team building exercises seem to be an effective way of building the team as they move through their various stages of forming, storming, norming and performing ((https://www.mindtools.com/pages/article/newLDR_86.htm).  

It's been one of the top 3 worst performing 18 years in the last 130 years. 

I don't plan on having any further contact with the tenant personally.I may give him an offer through a third party that if his stuff is removed I will let him out of his lease, but I don't really want him back on the property to retrieve his belongings.

There is a monthly meet up in Lake Forest on the third Wednesday (Tomorrow) of each month at 7:00.

This is a very tight rope that you have to walk between performing your fiduciary duty, but also insulating yourself from liability if they screw things up.As an agent, I have no problem talking in detail to experienced flippers.....but I am a little hesitant to get into too much detail with a newbie client.