Quote from @Derrick E.: To answer one of your questions, I doubt you will ever find someone willing to give a loan in 2nd position on an investment property. 

Quote from @Scott E.: I love where you mind is at and how organized your post/plan is.

3) Is there a chart in BP which tracks what is promised and what is delivered since inception by the Syndicate/promoter/General Partners?

Promotion?

It might make more sense to just keep the rate, rent it out, save $30-35k, increase your income through a promotion or find another field and work for 2 years or more,  and buy another primary with a conventional loan. 

To piggyback on Jay's point, generally speaking I think the kind of personalities that are really good at real estate are the opposite of the kind of personalities that are really good at self promotion and presenting. 

I've been doing my due diligence on Tardus and really crunching out the numbers and strategies that they are promoting but I keep coming back to square 1.I would really love to hear from NJ based folks on this.....if I invest $10K (money I got from my HELOC) and the monthly payment I owe on that HELOC is $400/month (which includes principal and interest)...

While R/E investing is about the same nationally the laws are different in each and every state.

You are investing in the investment promoter in whom you have little recourse if things go wrong.

However, if you filed your rental income under schedule E, then lenders will have to use your the rental calc based on how you filed your schedule E.