Syndication is a way for people to pool their financial and intellectual resources together to purchase properties much bigger than they could afford or manage on their own. The person who puts together a group to purchase a property is called a Syndicator, Promoter, or Lead Investor.  The syndicator usually brings the intellectual resources needed to identify, analyze, contract for, inspect, finance, fund, close, manage, refinance, and dispose of a property in a manner that provides a financial return to his investor/partners.  The investor/partners leverage their financial resources into the transactions as passive investors while continuing their current occupation. This creates a symbiotic relationship, as well as a fiduciary responsibility to each other.  The syndicator is the responsible party that actively manages the project.  The syndicator uses his market knowledge and experience to create value for his investor/partners by increasing the value of the property and provide cash flow. The…