Given the current debt market and expanded cap rates, are you potentially targeting any distressed assets as a syndicator?

The ARV still looks REALLY good with purchase price, rehab and potential fair market rents......BUT I live in Florida and need a COMPLETE team to be successful if I was to purchase this property....which brings me to you guys!!!

The 2nd part of the question is which option maximizes the true revenue potential of the property ?

It all depends, this is why I always review potential client's books what is the best course of action.I personally do not like QBO for real estate (I make it clear in all my posts lol) I just renewed my certification just because most people can't afford the PM software with accounting such as AppFolio and Yardi.

coffeeclozers.com is a great tool for getting comps and generating reports for your buyers.

Renting Out, Moving Up: A Progressive Portfolio ApproachAssuming an existing loan on your first property and renting it out when you move on to your next home amplifies your wealth-building potential.

Any time we can make connections empowers us to disarm any future potential detractors. 

We are both residential appraisers working the NE Florida markets looking to transition over the LONG term to replacing our modest annual income through small/mighty single-family by buying in the path of progress where prices appear to be somewhat undervalued relative to long-term upside potential.

I just want to get as much information as possible before I take on this potential headache.

The buyer can't successfully refi then and is stuck with a potential liability they've overpaid for.Moreover, the other risk is that if the seller still has a mortgage and the buyer is making payments directly to the seller, the seller could collect the buyer's payments and stop making payments to their lender (pocketing money) until their lender forecloses.