Buying this house will only make sense if you're getting something of value in return as far as a business deal.

Real Estate Investing can be an exciting and rewarding venture, offering the potential for significant financial returns and the opportunity to create wealth over time.

But I know several people who made this mistake even after I warned them including someone who dumped 3M into a fund that promised to pay 10% return. 

Your returns could be increased if you are willing to rent it by the room to individual students. 

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

She said "oh a few items will be returned", then she wouldn't give the receipts, and the rest is on my post.

I feel confident we will have it occupied and possibly at a higher return than anticipated at closing.  

We called them out on it and asked for tax returns.

You'd be surprised at how many people are looking to work with real estate developers to generate returns higher than the market, but they don't widely advertise this.

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.