I pay that card every month so it doesn’t accrue any interest that card is paid from the Relay bank account so the expenses are tracked. 

@Sartaj G...I second what @Erik Estrada mentioned. 

What is your experience / track record with this type and size of investment? 

Make sure their speciality aligns with what you’re after.Ask about their track record.

We also track all of our self-paid insurance and property tax expenses for paid off properties and also transfer 1/12 of that money every month as well for the year.  

I will try and answer them to the best I can, but I will confess, I do not know the answer to all of them.First off, you are on the right track!

Research the operator's track record and read the offering documents.Like Evan said, a syndication = pooling of capital, regardless of the asset class or the part of the capital stack the investment is applied to. 

Based on my research, in Pittsburgh, the school board tracks sales of homes and if there is a significant discrepancy between sales price/current assessment values, they will appeal and you get a higher tax bill.

Or only invest what you happy to walk away from if your taking a flyer with someone starting out with no real track record.

He offered the course on 8-Track...well, I suspect he did.