For me, I know nothing of this company, nor commenting on them specifically, but just commenting on the numbers that are thrown out there and trying to evaluate if this is something to consider.

Syndicators do this because most passive investors are not sophisticated enough to realize the "security" of the preferred return means they usually are giving up the potential for massive returns if the deal does well.This next comment would apply for all syndication.  

Thank you in advance for any feedback or comments. 

I'm going to take your comments about the communication to heart. 

There have been a few comments along the lines of "new homes aren't built with the same quality as old homes".

@Chris Kay Lots of good comments already and I agree with @Gregory Schwartz and @Alecia Loveless.

No negative comments about them at all.

I ran some very basic numbers on option 1 and if you can get a ST/MT rental per your comments and other assumptions you list, this could be a deal for you.

@Arthur Savery there are some great comments already provided.

Hello Rashid Ghafoor:I found your comment interesting and would like to know more.