It should be fully executed and signed by both you and the agent. 

I would say something to the tenant (text or e-mail-wise) similar to: Please let me know when you would like for me to pick up the signed lease.

If you arent opposed to doing a long-term rental for a bit, You may want to see if you can get an executed lease for the main house you’re vacating to help qualify for your next home.

In exchange I am just looking for the opportunity to be apart of and learn how to execute an apartment syndication deal. 

You have what many people don't have when they decide to invest - a verifiable skill used in the trade of real estate investing.

And I'm a R/E investor (multifamily, commercial, rental units, mainly 5-20 doors each).  

Hire other trades to get the project done faster.

Venture capital money will flow to any state if the business idea is worth it.Doing a quick Google search looking only at top page results, I found multiple rankings that place Texas much higher than California:CNBC ranking Texas is 2, California is 32https://www.cnbc.com/2019/07/1...Forbes ranking Texas is 2, California is 31https://www.forbes.com/best-st...Chief Executive Texas is 1, California is 50https://chiefexecutive.net/up-...Bipartisan Tax Foundation state business tax ratings Texas is 11 and California is 49https://taxfoundation.org/2021...No doubt California has a strong legacy of innovation and the existing talent base will make the state a powerhouse for years to come.

After refinancing, initial investment amount paid back with a 25% equity holding for the life of the property (meaning they receive 25% of the cash flow after all expenses/reserves for vacancy, maintenance, capex, etc. and/or 25% of profits when property is sold)2) When executing the BRRRR strategy, ideally 100%+ of cash invested is returned after a refinance, but I've seen a lot of investors still may end up leaving some money in the property (~$5,000).

Again, final payment will all depend on taxes and insurance expenses for the exact property, but gives you an idea of what a lender would be able to do.Keep in mind that a Lender can only use what you have listed on your taxes (Schedule E).