We are experienced in both SFR and Multi-family management and can handle everything you want. 

Has anyone experienced losses or failures (i.e. significantly less than expected return) through participating (GP or LP) in professional MF syndications?

They are however very experienced and each has somewhat of a niche they work. 

Review the Inspector's list of repairs and selectively add the items that you want your Contractor to perform to the Scope of Work.Minimizes Buyers Inspection RepairsYour home buyer will be getting an inspection when you sell the property. 

Do I need a lawyer to help me create and/or review a lease?

As an experienced investor, I understand the "itch" of wanting to get a deal done and under your belt and making money.

There are many experienced investors looking for properties so you may have to act quick.

I see this forum as a good opportunity for me to soak up information from experienced professionals. 

Banks will still require a human to review and sign off on values

there is a free downloadable pamphlet and waiver, it should be a part of all of the packet of documents to review and execute with all tenants.On the E Coast I think you would risk losing out on some great opportunities.Pamphlet and waiver-https://www.epa.gov/sites/production/files/2017-06/documents/pyf_color_landscape_format_2017_508.pdfhttps://www.epa.gov/sites/production/files/documents/lesr_eng.pdf