Perhaps my inexperience is showing when trying to explain myself.

It would ooze desperation and inexperience IMO

We have had several setbacks which can mostly be attributed to our inexperience.

Based on the size of the deal, the relatively low return, and your inexperience as a syndicator, your passive investors will not be either accredited nor sophisticated.2.

The goal is to hopefully gain real traction in this as a business before graduating so I can stick with it full time.I have enough savings to do some heavy direct mail campaigns, but of course the fear of my inexperience leading to losing it all without a done deal is holding me off the trigger. 

There is a very big difference in experience and abilities of a designer/draftman versus a Licensed & Registered Architect. 

Do some research and talk to some lenders (easy to talk to - don't worry about your inexperience). 

If you read up on everything, you will have almost as much book smarts (maybe more) than a property manager you would hire, you will only be lacking in experience, and hopefully the experiences of others on BP can fill that in some for you.2.

Not sure if I used the term profit, but even in my inexperience I see this a positive income (not sure if it is the right term) after all immediate expenses are covered.

Move in?Experience