Quote from @Raif Jochim: Bigger Pockets Community -I'm trying to plan for the future and have a question I'd like your thoughts on.  

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

It’s great to hear you stuck to your plan and still came out ahead, even with a few bumps along the way.

Syndicates that used lower leverage points and have far-out maturities (such as 2029 or later) are likely to survive as long as they don't run out of cash to maintain the assets for longer-than-planned hold times. 

Take a look at what markets you are planning on starting in and make sure it is a growing market where the appreciation is obvious. 

We plan to turn the small recording room into a small office.  

Long-term planning allows for steady growth, compounding returns, and the flexibility to adapt to economic and societal changes.

If you plan to own real estate for a lifetime, this can be a huge benefit to your heirs. 

Those of us who have build investment assets, businesses, professional practices, etc. understand how much time, effort, planning and capital it takes to “scale”.  

I just mean to say that I don't think there is anything wrong with their business plan, their operational expertise, and so on, so unless something melts the economy down, it seems as though Brian integrity of the operators is the only remaining variable.