Are you looking to invest into an apartment syndication? Most syndicators or deal sponsors will have a PRIVATE PLACEMENT MEMORADUM detailing the risks involved in investing in an apartment transaction. BUT, when listening to the deal sponsors pitch, you must ask a few questions also. Michael explains some of the simple questions that passive investors MUST ask the managing member or deal sponsor. Your money is important to you; so you need to understand the deal sponsors past track record in apartment investing, the economics of the deal story, when is your money going to be returned and what is the expected rate of return on the investment, and finally what level of rehab or renovation will be needed to increase NOI.