Keep in mind if it does not have profit or even a loss when you sell, you lose the money and if you do not expertise your option to purchase, you lose all the capital you invested into the repairs.I don’t personally recommend this strategy and would offer this solution: purchase with seller carried financing, fix, then sell.

You described a very stark outlook that could be true for virtually any investment in any sector/market anywhere.

Is there a company that has those kind of build-out expertise in the area? 

A far as your decision, The market here is starting to cool in some sectors, but based on where your property is located, either could be a viable option.

A "regular" recession doesn't cause a blood bath in the RE sector as we have seen 10 years ago when there were a lot of evictions in the lower cost rentals.

One of the failed banks I dealt with had a fairly large hotel loan portfolio.I will share with you that during an economic downtown, one of the first sectors to get hit is hospitality or any other discretionary expense industry.

The purpose of investing in a syndication is to leverage the sponsor'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.

So the ball is in your court to convince them to go on such structure that will allow you to bring your expertise and not the money. 

My experience is that risk can be somewhat subjective and there are ways to mitigate risk if you can gain expertise in a certain market segment, geography, or demographic.

But then it's about getting the personal attention you need, the expertise, the time, the responsiveness.