These large professional sponsors have mature deal flow pipelines; so, it has been an intentional strategy to generate deal flow for me in a market where others are having a tough time finding properties that meet their criteria.It was a lot of work leading up to this stage, even vetting the passive syndication strategy.

If it appears to be doing well, generating activity, I up the budget. 

But lease it, it's a business expense.Lead generation. 

I feel really having in depth conversations with like minded individuals that can shed light from similar past situations s the best way to work through these challenges. 

Taking a LOAN against your 401k would probably not generate tax implications. 

Apparently the buyer is from New York though but even other out-of-state individuals I've shown houses to in the past for didn't even take half that time so I was shocked.

Larger properties typically take less time per individual unit (when you have 24 units, you expect a certain percentage to require complete renovations) and more time on building systems.

The rental income for the Series LLC will flow through to individual returns for Ohio state return ?

He's the brains, lead generator, agent, and property manager of the operation (I trust him completely, he's a rock star), I'm basically providing the money.

We were thinking of purchasing the properties individual, alternating between us and having all three people on title.