I wouldn't get it tangled up with the operations/financials of the property.

Rich Dad, Poor Dad is a great mindset shift, and The Book on Rental Property Investing is a solid next step! 

Quote from @Landon Sheveland: Hello,My wife and I, are attempting to purchase our first property.

You are losing money on both properties. 

Of course, you can always contact a prospective fund operator directly and ask them your own set of DD questions (ask for their track record, properties that the fund has acquired thus far, performance of the fund, past funds that have closed to investors and how they have performed, etc).  

I'll admit, I spent the better part of one year in 2012/2013 looking at properties and putting in offers, before one finally hit and I've been off and running since. 

I've managed a few parking facilities before, and the majority of the properties I've managed have parking.

Are you quoting net cash flow - after taxes, insurance, maintenance/repairs, property management if needed? 

I recently moved to the DFW area and want to get involved in real estate in the near future (looking to buy a property in the next 6 months to a year).

easy to build, rent, refinance repeat. might not be your market. look at the underwriting model. we underwrite every deal not only with fresh comparable but market economics change. land costs go up or down, construction costs go up or down, design modifications improve the property, comp sets can get more favorable or less favorable.