Personally, I love them because they offer built-in diversification.In my experience, local banks are your best bet for financing mixed-use properties.

I've learned a ton about syndications, partnerships, funding for construction, the development process and so much more about managing consultants than I will ever care to admit. 

Second question is, if we don't live in the city we will invest in, we understand we will have to be traveling often, but who could be a good person to check in on the construction so we don't have to go every week?

I bet people will not be getting paid their dividends very soon.

100% Financing on acquit ion + construction.

But when the interest rates started going up about the same time the fed start raising its rate, new construction came to a screeching halt.

Many other projects have reduced or suspended planned CF distributions and I've also had a few capital calls in which I did participate since the business case still made sense (the MF in Florida had a capital call to finish construction and get through stabilization and it still returned the 32% IRR).I expect almost all of the deals to be OK, just later exits than originally projected.I am very concerned about one project and have already written it off in my head.  

If the Warranty Deed has been properly recorded, the court deems that, as "constructive notice".

Also your plans may change during the next 3-4 years while you’re in school so sitting tight and building your nest egg may be the best bet until you graduate.

Now, either I'm not posting in the right places of i.e Cragslist / BP etc or my ads aren't as well constructed as I think they would be to attract motivated sellers.