I work full-time on W-2 as an IT Consultant in San Francisco, CA.  

Im consulting with a lender today to get more info.

You need to consult an attorney in your state. 

I currently am employed as a Franchise Business Consultant in the Twin Cities area.  

And, if there are doubts, engage an attorney in one of the usual 30 minutes FREE consultation sessions.Sorry you are going through this! 

I would do as Alvin said and consult a RE attorney.

No annual requirements on audits or reviews of financials (save money from hiring CPA consultants).

@Joshua KohlYou may want to consult with a tax advisor to make sure you have accounted for the eligible deductions and to make sure it was properly filed.Will you be living in the duplex?

@Jared F.You should consult an attorney when it comes to asset protection.A couple questions you want to ask the syndicator is how the entity is structured.If the entity is structured as an LP or an LLC - you are likely a non-managing member or a limited partner.So the question you would then ask the attorney is if you have additional protection investing as a limited partner/non-managing member in your individual names or as an LLC.I have seen individuals invest hundreds of thousands of dollars in syndicated deals.

I just started working as a leasing consultant (background in accounting), but things are disorganized and I have reason to believe they will be replacing a couple of people soon.