never heard of it but I'd love details. .

Also, never attorneys, paralegals, health care professionals, etc.

In more detail then I might with a typical tenant whom I had inherited.

With out going over all the details, I never listed the house for sale due to saving on the cost of realty fees.

If you can elaborate on where you are coming from perhaps I can give you more detailed answer. 

@Christopher Brainard, thank you for the detailed reply.  

If everything works out in my favor and they do go down, I might even end up making money off the deal if I rent the "efficiency".I know this is an extensive post for a possible basic question but as time is limited I wanted to make sure you experts have all the details of the situation and how I am thinking.If besides of my previous two questions you have any advice/warnings/questions/etc please feel free to let me know.

What is the best resource here in CO to find those details, especially off market. 

Very common.As you can imagine, this is a total oversimplification and there are many devils in the details.

Expenses split according to ownership stake (in this deal, syndicator has responsibility for paying 80% of expenses)- Additional details: Mortgage under syndicator.