They spent $40k on renovations I'm assuming the driveway and garage played a huge role here.

Also, state law plays a major role.

The problem normally starts with bad leadership and abdicating the role of ceo and replaced with hope and pray they do their job. 

You definitely need to spell out your roles and responsibilities.

There will propabaly be investor qualifications (accredited or sophisticated) but it’s a great alternative that allows folks who want to get out of a participation (hands on) ownership role and 1031 up into a more risk averse large MF building while being hands off.The sponsor will take fees of course like a normal syndication (most likely) and the returns may be slightly less, but you should still share the appreciation rights and ultimately just continue to 1031 up and up.Happy to answer questions.  

As we grow our property footprint I'd like to find a CFP who understands the role real estate can play. 

Its not a carrot on a string.You might be better off separating the roles though.

For a discussion of the roles of Fannie Mae, Freddie Mac (FHLMC), and Ginnie Mae (GNMA), see the Library.Fannie Mae's Community Home Buyer's ProgramAn income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home.

I've been pondering how to adjust my role so that I can so from basically being self employed with my BRRRR investing to actually having a business that will accomplish work with or without me.

What is the LLC role in all this?