This allows the loan proceeds from our loan to flow to the seller, (granted not a lot of debt is recorded against the property) which allows them to get some cash "now" for their sale.

In the alternative, if you obtain title from the record owner, a quiet title action might bring HUD to the table to talk about what it would accept to release the property, or if they fail to respond to the Complaint you may be able to get a court to declare to lien extinguished. 

Unless you have a track record and understand what's involved in putting together a syndication, this probably isn't a good idea for you.There are significant up-front costs to set up a syndication.

So if he can match my record he will earn his fees, and if not he can explain why.

Do they have a good track record in this line of work?

You could ask the current tenants to do a video tour and record that. 

@Sri L.I can’t answer all of your questions but I am able to answer some.Because you’re changing use of property, with a lot of down time for remodel and lease up, your ability to attract institutional financing will be dependent on your personal financial strength and tract record.

Also, look at the P&L from the last 12-24 months from the seller, compare bank records, rent rolls and receipts, etc. and see in in the worst month it was still a good investment.

I'm sure it's possible but you'd need a good track record with the lender.

When I asked to get in touch with that team, I was transferred and the line was dropped with a pre-recorded "we have technical difficulties message".