Syndicated deals can be opaque, with high fees and limited control for passive investors.

What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties. 

We have offered to allow her to pay a reduced rent for the first few months as well but I am worried that may create some sort of limit on how much we can raise the rent on her in the future.

Properties below this threshold present additional risks and more limited borrowing options.7.

Quote from @Eric James: This is why I build outside city limits.

It’s a bit like collecting fine art; a limited supply of desirable jewels that an ever growing coterie of new wealth wants under their belts. 

Most cities don’t want a mobile home park in their city limits because the tenants take more money out of the tax system than they contribute.

It also offers a chance to shift into something more passive, reducing the hands-on management that seems to be more of a hassle now that you’ve moved.That said, the rental income potential from your properties is worth noting, but there’s a limit to how much you can boost your cash flow, especially after already making significant upgrades.

So my limited experience with a new build did not yield cap ex expenses with what you are proposing. 

@Steven Rosenfeld On Goodegg, no direct interaction here; they seem to maybe have limited full cycle experience in the GP/syndicator role.