I have read many positive and some negative reviews.

I like the way you are thinking, but it's a little apple before the cart although you seem to get that you need experienced partners to make this work.

Did you go this route and if so, how did you fare? 

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

.: Following this thread….

I was surprised to read your post.  

Quote from @Anthony Klemm: Quote from @Dominic Mazzarella: Quote from @Anthony Klemm: Newbie here with some questions...I've been reading a bit about syndications and how they function as a whole.

This is a classic NJ. 

If you are firm and shrewd, you may not have this issue.

Is this something I should take in consideration?