In my opinion, joining a syndicate is definitely worthwhile as long as it's not created with the intention on profiting upon the other members (which is what I feel like majority of them are).

its gonna take me a few read throughs to grasp all of that but it sounds plausible. she doesnt want to take her friend to court so let me do it. ill ask a few questions regarding the equity we are talking about to see if it is worthwhile and then discuss this. maybe once her friend relizes what might happen she might just decide to deal. thank you 

My main piece of advise : As a new investor it can be really hard to wait until you have the capital to get started with something worthwhile, so focus on your research and on building your analysis skills, focus on the numbers and doing conservative math (ie don't include rent increases or appreciation, which are never guaranteed).

Might be more worthwhile to tear down and put up new construction.- Not sure if title is free and clear.

Your rent will need to be in the range of 1% of the full market value of the home  ( or better) not 1% of the mortggae value if you want to see any return on your equity.If you can not get a minimum of 2K rent per month it would be wiser to sell the property.SFHs purchased as a personal home are very rarely a worth while investment as a rental property.

Perhaps you can reduce expenses-perhaps not; but you need to up the revenue or get a substantial reduction off that asking price to make it worthwhile.

If I were to bring a worthwhile deal to an established syndicator, what is a common equity arrangement for the value I would be providing?

Leverage is the only way you can make this a worth while income investment.

Best way I know to lose money.Pro's.. can't think of any worth while that would over come the fact that you are partnering with the government.

Do they build enough equity to be a worthwhile investment?