This is the most important comment in all of this.

My next comments are ONLY for tax purposes and may not align with how the waterfall works in the offering.Your syndicator may treat all distributions paid to you, up to your full capital balance and any allocated debt, as a return of capital for tax purposes.  

Just a small update, I've gotten some great feedback from you all, gotten some bluntness, I've gotten some positive comments, and I've gotten some negative comments.I've taken everyones advice and went gungho.

For the alley, I'm not sure I'm familiar with that set up, so I don't know that I can really comment on that.

Some comments- you bought in april, spent $12k on the rehab but it took 7 months?  

I have heard similar comments from other landlords in my area also. 

Quote from @Anade Davis: Really good comments here thanks for all the great info.

Quote from @Saika Maeda: Thank you all for your comments.

Please feel free to comment and share your sources, experiences, or strategies in your data usage. 1.

There are many good comments and advice in this thread.