I don't think you would make a profit in this scenario.  

There are some cheaper neighborhoods, but they're very tough to retain good tenants in or resell for a good profit.

It would offset your profit.

I like the class functions they you could segregate costs by unit, building, and even geographic locations, such as NY vs MA, through the use of classes, subclasses, down 10 levels.At the same time, I also did accounting on the side for a government funded non profit that that I use classes to segregate funding sources.

We still were able to net a healthy profit, however.

I would like to network and potentially partner with some other investors in the LI market.My long term goals are to take the flipping profits, quit my full-time job, and buy more rentals in Florida and St.

It's easy to make a profit til the one mistake eats all of it, and that is just foolish when  mentor might mitigate that expense. 

You, on the other hand, by being a Manager-Member, owns 19% of the LLC.The LLC then invests in the syndicated deal and the members get a pro-rated portion of the profits/distributions from the syndicated investment.As always have a lawyer in your state ensure you're doing this the right way.

Can someone help me figure out if i will profit or run into a loss

Rent it out so some of my profit can go towards my personal home.