Does this have relevance to a SFR and 2-4 unit strategy or just more systems-intensive MF, office and industrial assets?  

Don't stress, it's not that big a deal it will all work out. 

Before beginning the process you should speak with an attorney to ensure your strictly adhering to the law.Identily a property that you would purchase and your target acquisition price and work out the ARV to show the potential profit spread. 

All I did was look at a property, run the comps, and got a reno budget, So nothing to intense.

I would vet them intensely and make sure the lease is personally guaranteed. 

Choosing a triplex and fourplex is ideal but a duplex will also work out.  3.

If so, how will that work out. 

It all depends on how the numbers work out.

I'm working with some colleagues to tell the story of how real estate and multifamily syndications didn't work out as advertised for many investments made during 2021 and the first half of 2022, before interest rates took off.

They are much less aggravating/ management intensive/ depressing to own, and provide much higher overall returns over time thanks to less churn and way more rent and value appreciation.