I've been in the game in this market a while as I have 12 units and 3 single family homes and know this is a great deal. 

@Franck Armand, as noted by others, unfortunately, you'll have a tough time sourcing on-market cash flow deals in those respective areas unless you intend to put down a significant amount of capital.

They plan to bring in their own team, which means the current property manager will be out of a job once the deal officially closes.

While I continue working on deals myself, I'd love to get first-hand experience in the realm of syndications and was hoping some people would be open to connecting and discussing their experience further.

So, if I have not done any deals, the education is a start-up expense, right?

The overarching strategy to "think like an investor" is to put as little of your own money into each investment deal in order to maximize your cash on cash returns.

I am a local wholesaler here in Indianapolis in which we do about 3-4 deals a week.

This can be less adversarial and often less costly than going to court.Given the complexities involved, especially with real estate investments and an LLC, it's advisable to work with professionals who can guide you through the financial, legal, and tax aspects of the division.

The first year I acquired land through owner financing and then I lost my job, so I lost the deal.

I'd find off-market deals, do some cosmetic updates, and then refinance.