If you learn to raise and organize capital well you can fill in the formalities of the syndication a lot easier by working with experienced syndicators in your chosen product type and offering them value in trade for knowledge. 

I was hoping that a member had  1st hand knowledge regarding the organization.

Both the MLO organization and the end lender would be violating the law.

Make them function and make them look nice.

The military has created systems that force new soldiers to learn almost no basic adult functions.

I don’t have the time to start and organize a meet-up but I could make it once a month during the day if someone else wants to get it started.

So as a function of due diligence ask for a copy of the lease.

The more organized your data, the less you have to pay your Accountant to do your taxes.So no, QBS is not a requirement. 

Your phone probably has a million functions on it, however you probably only know how to use about (3) of them at the most, (if that).

If you understand how the back end functions, you will approach your submission way differently.