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.

Feel free to PM me for details on how I could help you.Thanks for the referral @Douglas Skipworth.Danny 

You can find very detailed blog posts and podcasts covering this aspect of real estate investing.

I'm definitely going to have my Accountant involved as we're working on the details.