Once you have a track record of success, they'll fund you for multiple projects at the same time. 

And the reality is the lot is NOT split, and the real cost in doing so, the impact on cashflow and the risk to my loan make it an untenable effort unless I planned to sell right away. 

Do you think this will impact my ability to rent the property?

This demonstrates a significant difference of $132,000 in earnings by leveraging your funds and investing in multiple properties.

@Olga Zelenko from a rent and leasing standpoint it is has had no financial impact thus far.

@Anthony ZottoI don't think either will have a big impact on multifamily, unless they drop rates and stimulate demand.

I'm also a Real estate Agent & Investor myself & own multiple STR and MTR in Lexington & south.

@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.

Do some demos and make sure you feel very comfortable with the one you ultimately select.If you're unsatisfied, it's a huge hassle to have to transition later when you have multiple properties under management.

You'll go farther in one job you enjoy than trying to do multiple things.If you don't enjoy your job, "Consider" (Don't jump headfirst) becoming a Realtor.