Highlight Your Expertise: Showcase your experience in real estate and specifically in multifamily properties.

It happens often where you need different services/expertise than what they provide.

Seems like those who have absolutely no prior real estate knowledge and are  paid actors who are relatively unknown or who have gone bankrupt in real estate are the people most successful at selling their expertise to the inexperienced, the I know;edgable and the naive, in other words the target market for mentorships.  

If the goal is to use real estate and/or notes to better secure and grow a portion of your father's IRA, there are probably ways you can tap into your expertise and network to find him places he can make investments that fit the IRS definition of "arm's length".

Hence the need for local expertise since I'm new here.

If the PM, design, and finances are split 50/50 and the realtor is bringing added time related and expertise on the sale, then maybe they should get separately compensated for it. 

We all know the purpose of investing in a syndication is to leverage the syndicator's time, expertise and ability to source great deals, but if the experience is going to cause you to lose sleep at night, the return may not be worth it.  

There are many advantages to this: the sponsor (operator, GP, asset manager) is a professional - this is their day job so they should (if you vet them properly) be much better at finding and managing assets than most new investors; you can diversify in multiple ways - you can invest with different operators, in different markets and different asset class; it is truly passive - you need to vet the operator and analyze the deal, but once the property is purchased you have no role - you just collect reports and (hopefully) cash flow; you don't need a competitive advantage - if you are an active investor, in order to get great returns you have to be able to do something better than your competitors - that could be local market expertise, DIY skills - something to make yourself stand out.My experience since going fully passive is that my returns are better because I am hiring professional asset managers and my return on time is MUCH better because I am not managing the properties.If you want to be an active investor - absolutely go for it! 

I've got a unique situation that I am looking for some expertise on.

@Bonnie Low it's much more unpredictable than traditional RE, lots of hidden issues, legalities that I have no expertise in.