The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.

The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.

I've been in tech for over 30 years and in Real Estate for over 20 years, our REI deals are still stressful even with excellent tech, resources and processes. 

I am wondering what the work around is to purchase properties without it counting towards my DTI.

You want the applicant to fill it out online because the screening company needs access to the data to process it.Here's a detailed guide on how to screen applicants: Application Screening Guide

Property was purchased for 130k.

I recc NNN-multi-tenant large shopping centers that due cost segregation analysis at purchase to get maximum depreciation up front.

When you turn a personal residence into a rental, you want to make sure you calculate your basis properly.Your basis will be purchase price + improvements made to the house since time of purchase(Assuming the FMV at time of conversion is atleast this amount).Best of luck!

One of the car washes is in IL and the other is in Iowa so I'm not sure if I can represent myself in just the IL and does that mean that the listing agent would have to split his commission with me if I purchase?

They are more than qualified, just don't want to go through the vetting process.