It sounds like you are off to a great start already especially by educating yourself! 

So by utilizing leverage you earned $200 more.  

AIM: I am looking to start a syndicate. 

Are there any strategies here to utilize bank funds for our project?

I'm passionate about real estate and how utilizing this asset class can enable me to build generational wealth and retire early.

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

Sounds like you've got a good start with one STR.

I'm a rookie in whole selling , I only have the knowledge that social media has and I think I understand how it works but have no idea of where to start or how its pretty frustrating not being able to provide for my family the way I want to and I could really use some advice or maybe tutoring in this subject, I just turned 20 and I want to have a good life in this economy I could really use any advice thank you so much.

Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.

Utilities will be among the first in for cleanup actions.