Can’t speak for all syndicates of course as I only have experience in the one I’m currently part of, but we definitely focus more on wholesaling projects that would be out of our financial reach individually.

You need to speak with an attorney to structure this correctly. 

I don't know your market, so I cant speak for the contract price, but the over-all numbers look good to me.

Generally speaking what are some indicators of up and coming neighborhoods? 

Generally speaking, no banks  sells to private investors

I still entitle the 50% NOI cash flow if still holding.Thanks for your feedback.

@Cameron Riley, you need to speak with a local RE attorney who has knowledge of tenant law. 

Just state that you are wanting to speak with commercial department. 

I would inquire to local environmental engineers and even try and speak with the gas station owner.

talk to Peak Asset Lending in KC  @Alexander Felice  banks generally wont fool with stuff this low unless you have existing relationships with them.. the cost and risk of having a default far out weight what a bank can make on a 15 to 20k mortgage.but i have seen small local commerial banks do these for local citizens that own 10 to 50 homes and its their cottage industry so to speak