For me as an investor in Phoenix, and you know the current tenants are below market rents, and that Phoenix area is such a hot rental market right now this would actually be a positive for me from an investor stand point.

Syndications are best utilized for an individual asset by asset acquisition model.  

My 2 properties are in Grays Ferry and it’s a fact that it’s the next ‘hot’ neighborhood. 

In today's HOT real estate market, it's not smartest guy who gets the deal, it's not the most thorough, nor the most analytical, nor the ones with the most money...it's the one who knows the market intimately - so intimately that he/she knows a QUICK WAY to analyze deals.Case in point: last week of December last year, we found a 279-unit portfolio of apartment buildings from a private owner (off-market deals baby!).

@Mike Jacovelli one of my last rental purchases was a small 13 unit OLD trailer park. 68- 70 model units.

Thus the business model is not scalable. 

I have been looking for brokers for a while and I found out (Broker A) is based on the 100% commission model, charges for errors and omissions insurance ($5 dollars per thousand) & I found out it was 20% out of the 100% commission, plus $100 for membership with REBNY, but no transaction fees.

Philly has some hot rental/short term rental areas, that you can take advantage of.

I've learned a lot about tenant screening and plan to hold this for a while, since it proves to achieve good cash flow with this model.

If you mean radiant heat, it's better than forced hot air.