Worst case they do a mold inspection.

If you have  a spouse and/or children, my approach would change.Assuming you haven't "settle down" yet, if I were in your position, I'd hunt for a 4-plex multifamily home where you could live in the worst of the 4 units and rent out the other three.In my market of Omaha, Nebraska, I can find four unit properties that would not only cover all my cost of living, but cash flow with me living in one of the units.Obviously, it's a bold strategy to go from not being a landlord to managing three separate tenants, and if you live in the place, I imagine you'll want to manage it, but if you are the type of person to study, risk, and follow through, you will drastically improve your situation by doing this.It would be my path because I could get so much more real estate on a primary than an investment property.

The city has been the worst in the sense of time.

Case in point -- I also own a few SFH in KC and the house I own in the "worst" area has had the same tenant, a single guy, in it for over 5 years now and he has never been late on his rent. 

What is the worst case scenario in regards to the inheritance tax? 

Also, examine if they are prepared to face unexpected issues and underwrote the deal based on the worst-case scenario.What additional questions do you feel should be asked when vetting a syndicator?

My concerns are around exit strategy (worst case scenario I have to leave) -- probably will go the property management route.

One of the worst things that can happen is for your property to sit empty.

Worst case scenario you learn something.

The worst case scenario is the owner contacts me directly and I can make an offer I guess.On paper, as far as I can tell, it belongs to some bank who doesn't even know it's on their books.