@Jason Lee  BP is a great platform to meet syndicators, so you are in a good spot. 

Non- recourse are the exact opposite: you are not personally responsible but it requires certain criteria like experience etcetera: These are Fannie Mae and Freddie Mac.All professional real estate investors go with non- recourse.Real estate is a numbers game, the bigger the better.

It's the best way to determine if you are winning or losing in this game.

You May have to share a % of equity with him but he will have real skin in the game then. 

A true TK will have their own PM team.... full skin in the game. 

Soon you will find a network of higher net worth investors who got out of the sfh direct investment game and now laugh at this race to 10.

I also track auction.com and Amlin auctions, but I've never pulled the trigger on any as I need a little more cash to get in the auction game.

My advice is for you to pay very close attention here in BP cause there is a lot you need to know about Real Estate Investing and i believe that BP has the best platform for you to get connected with Real Estate Investors that has been successful,get to ask them how they started and learn a lot from them.People here are amazing so don't be afraid to ask anything you don't know.

The game plan was to fund with a commercial loan upfront, and reinvest all of the initial cash flow back into the property so that I could ultimately pull my capital out.

However, similar to raise capital, you need to bring something to the table in order to convince them to partner up with you.Creating a thought leadership platform where you interview experience apartment professionals can help increase your credibility in the eyes of prospective investors too.