If you raise 5% and lose a month you will have a net loss.

One thing I really appreciate is their emphasis on property visits and providing a due diligence checklist, which is invaluable for new investors.

@Rafael Ramos All your goals contradict each other:(1) Cashflow: buy Class C & D properties2) Appreciation: buy Class A & B properties3) Low Crime: buy Class A & B properties4) Why would you want your investments to lose money to lower your taxes?

If none, your losing money, on either the existing or potential.3. 

Its only good for tax purposes if its still a wise investments and you do not lose money on it.

Too much to lose besides money 

That fund offering 15-20% is now close to insolvency and investors most likley will not get those returns but lose most of their investment as well.

The problem with that is that now you're no longer tracking what you've paid to actual vendors, so you lose the ability to issue 1099's and know what you've paid who at the end of the year.  

Failing might mean losing your house.

I've been in your situation and nothing can prepare you for losing a parent.