If an early buyout opportunity arises, I’m happy to secure a solid return for all involved.

Undoubtedly, the biggest regret is getting involved in the short-term rental market.

This site makes me believe that we should use a 1065 however since I am involved in the partnership.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

You must know something about it already, since you got involved in it. 

My advice to you is that syndications involve more layers of what I would call "Middle Management" - which takes money (profits you might call them) to fund.  

I'm in Milwaukee and I have heard of a lot of bad stories involving this type of scenario...mostly involving out of state investors. 

This could involve offering a higher interest rate in exchange for reduced upfront costs or deferring payments until a certain milestone.If building right away isn’t feasible, consider buying the lot now with the goal of paying it off over time, and save up to build when rates and budgets align.

(currently  I have been sending my investors a 7 question survey to fill out for their criteria)My goal is to build genuine, long-term relationships with investors by creating opportunities that benefit everyone involved.

There is less risk involved in the cheaper properties .