@Anish KoshyThere is a lot of information out there on how to do your proper due diligence on a syndication, including the sponsor.

There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck

Make sure you are properly screening your leads the same as you would for long term renters. 

Note that you are out hunting but have limited experience, so wondering if they would consider keeping you on as a partner in the future if you are bringing them good deals.  

Some buyers don't want your tenants who may or may not have been screen properly but some buyers like the attraction of having income on day one. 

If they deem your roof needs work when they evaluate it, you will have to re-roof first.If I had it to do over again with all the proper facts in front of me, I would probably have made a different decision.

.: Quote from @Jay Hurst:  LIkely dodged a bullet on missing out on a New Western deal...Yes, I agree, I've looked at a lot of their "deals" over the years and have yet to find one that makes sense but the hunt goes on......  

Additionally the suburbs have higher taxes compared to Chicago proper.  

As long as you're making payments on time and have proper insurance on the property, banks are happy and don't want to call a loan due. 

Then rinse and repeat (-:I’m on the hunt for good deals and am particularly interested in learning more about auctions, sheriff sales, and networking within Northwest Indiana.