@Jose Jose, glad to hear you're thinking about this- water savings are an amazing way to increase your return.

Syndications are a way for folks to earn very attractive returns in an asset class like large apts that are hard to gain access to w/o experience, capital and connections.  

Its not as important what it costs over the life of the loan, whats important is the return on your 5% down and that its has a positive cashflow.

So let me decipher this, if i understand this, you have someone that wants to be an onsite manager but in return he wants some income, low rent on his apartment along with utilities and cable included ?

Foreclosures that are actually a good deal are rare and you can easily get burned if you don't know what you are doing.

It is tricky to set up and can easily get out of whack so entries need to monitored carefully and not allowed to accumulate until year end.  

(Not by using Google maps because they can easily be outdated pictures) There should be some.

In my opinion, Ohio has the best returns and is definitely advantageous for newbies looking to get their foot in the door.

If I am able to bring down both or either price to below market value (but less than 20% below) , is it worth going into contract with if an investor won't make a large return?

You should easily be able to do a cash out refi and get about 70% of the appraised value by doing so.