Non-distressed properties are selling at premiums that won't align with your numbers.My advice- stop looking in Asheville.

I want to be confident that everything is in alignment/accurate.A little background, I have an investor willing to allow me to borrow $100,000, in return for $112,000 when I refinance the property in roughly 15 months.

@Damien Christian   well its just like vetting any business you need to make sure the PM is reputable.My point is if you talk to 5 managers in a city... they should all pretty much align on what zip codes can be managed reasonably and what ones are management intensive or they flat out won't manage there.

Credibility, honesty and alignment of interest are also some valuable criteria when selecting a syndicator.

Align yourself with an investor at one of the meetups in NJ.  

.* at what stage do we hook up with property management and aligning all that so we can rent out as soon as feasible after finishing the rehabs?  

This is why the appraised value often aligns closely with the purchase price but not with a refinance.What has been your experience? 

The easiet solution is to simply partner with another investor that is local inwhich your ideals align. when hiring the repossiblities out no one has your best interest at heart. 

Are there specific approaches to this type of investing or certain people I should align myself with (multi family realtors, flippers, etc..)?

Align yourself with a good team, you do all the equity buy outs and let your realitor team member do the short sales.