Sounds like you may be in the heart of Atlanta, or at least very close to it. 

Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

So close to 2 full years to obtain optimized rents.Your maintenance/cap ex is far too low for the long term.  

@Will QuinnCongrats on closing! 

I am from Austin, so close by!

Better cabinets on market st off the 805, solid wood with soft close hardware.

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

Quote from @April Birdsong: I will be closing on my 1st STR/MTR this month. 

Quote from @Emily Poerio: Hello - I am new to REI and getting ready to close on my first set of properties.

Closed my first wholesale deal in 5 years.