We are wondering about a few aspects of it and would love some advice and input! 

Because it's California.That said, REPS has nothing to do with STRs, so your reference is not relevant.

Quote from @Paul Azad: Real Estate math is annoyingly confusing as syndicators like to use all sorts of different numbers from MOICs to IRRs to AAR-average annual returns to anything else they can come up with to beneficially inflate their numbers for marketing purposes and to avoid the only metric used when investing in all other asset classes, the CAGR- compound annual growth rate, but it's easy to convert, like pounds to kilograms.Here you have 100% in 5 years or 20% AAR, or 2.0 MOIC, you take the MOIC or add 100 to the total return 100%+100% = 200% = 2.0, then you do an exponential equation (x to the Y) with x=2.0 and Y= 1/time in years, so 2 to the 0.2 which is 14.87% that's your CAGR {calculator will have an x to the y button for ease, 2 x/y .2}for example, sp500 just returned 254% over last 10 years, so add 100 so MOIC = 3.54, then to the 0.1 for 1/10 years and CAGR is 13.47%now you can compare returns from syndications to buying VOO or QQQ etc We had a third party track record verification report done and the company who does these (do them alot for mutual funds etc) was asking some of the most basic questions that I thought were no brainers - so I asked - "what are the other ways to calculate these things"?

It prompted me to do more digging including reaching out to the seller/developer directly.

It may be  law maybe not, but it isn't going to be enforced.Treasury Department Suspends the Enforcement of BOI that Forces Small Businesses to Report Personal Details About Their Owners to the FedsThe U.S.

If you were going to just do a remodel like a flip and not add living space I would say that would not get you more money.

Everything is harder when you do it remote, but you are competing with local investors.

It is basically like a wiki page for our company.

They should do a cash out refinance or a HELOC when rates go down to tap the equity. 

You have to allow time to do its job.