I would maybe explore refinancing your current primary residence with an FHA and see how much liquid you can extract.

I estimate their combined value based on the current market to be around $900k.The goal would be to extract max cash out.

I don't invest in the stock market (and suspect it is more BS then the real estate market) but from my experience real estate is the only asset that pays you to own it in a meaningful way. 

Thank you @Henry Clark, you post a meaningful amount of excellent content.

the cash flow from any rentals is just not going to be meaningful at all in the first few years.  

I managed to do that through a combination of doing cosmetic updates and then refinancing out plus using cash flow to extract any remaining money left in the deals.If you want to be aggressive like that you'll probably be looking out-of-state.

Nothing unusual per see, but I need to unwrap my thinking that a syndication will produce any meaningful return in Year 1 and possibly two, and your trust is in the payoff either through refi or sale down the road.  

That level of control includes the ability to control its appreciation for you to be able to extract and reinvest or grow your net worth.

Kim TonettiOpening Doors to Life's Most Meaningful Dreams!

in addition, you could have extracted value via a refi without being taxed at extraction for that money, 1031 to another property deferring the taxes, die and have the entire gain vanish for tax purposes.