For those that aren't familiar with the strategy, the idea is that you have money idly sitting in your checking account that could be helping to bring down your mortgage interest (a massive wealth killer, imo).

The 1% rule is just a screening rule of thumb, to let you move on from properties that aren't capable of meeting it and zero in on properties that might be. 

With the stick being eviction if they aren't out.

If you don't have engagements with these CPAs most aren't going to provide free consulting.

A syndicate might be raising $8 million to buy a $20 million property, they aren’t typically buying unlevered.

There aren’t any meet up in my market that I’m aware of.

If they are, those expenses should be pass-through (i.e. the tenants will be responsible for those costs).If the units aren't metered separately, find out how much it would cost to separate those per-unit. 

That quantity will be less painful with an unoccupancy. 

What am I missing and why aren’t more people doing this with nice properties?

Either way I had seasoned cash in my bank as well...So as of this morning looks like we aren’t getting this loan.