The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

I am very interested in a syndication project in Kansas or MO

I have seen projects go up where you wonder "How did THAT get approved?"

I was researching to find ownership info, market rents, and values on commercial properties, and even some basic underwriting on properties.I learned a lot, and the exposure to the Real Estate industry really motivated me to become an agent.

It doesnt cashflow well and refinancing to a lower payment is basically just having your equity make monthly payments to you, you aren't really gaining anything. 3.

That is basically what I was thinking. 

Find the properties, do the rehab, manage the project?

The back-up plan is to simply flip the property and take the cash out now for the next project.The Project (2 unit Multi-Family):Acquisition/rehabLand Acquisition:     275k (I'd use my cash to buy)Hard Money Loan:  100k (I might use my home equity line at 4% APR over 20)ARV:                           465k (This is my best assumption based on other comps)Refinance:                348,650Cash out:                  26,250Income:Rent:                         1800x2 (This is conservative)Capex/Maint.          300x2Expenses:                400 (water/trash/electric/sewage/insurance)Using these numbers the property looks like it generates a COC return of about 30% per anum (on the 26k outstanding).

Plus Owner won’t do seller financing due to the fact he worried about never getting his money after 2 or how ever many years basically the person just collecting rent for that time n not buying him out.

. - Useful to get some high level info about crime rates, schools ... all the basics when selecting an area.