is there a way i can adequately vent these windows while keeping the plywood partially intact. 

Communication was less than adequate. 

All major buildingcomponents have been adequately maintained and are functionally adequate.Note: The estimated effective age may be close to or equal to its actual age.

(At this time, I have zero experience)My question is which RE investing strategy should I pursue to start with, to insure that I have adequate income within the first 2 years?

I would use the one form as long as you can get the information you need from both of them to adequately check their, finances, credit and criminal background. 

Looking for a management team that can market apartments and adequately manage all over the metro.  

@Paul D.I wonder if you have confused private financing {from families or friends) which is suitable for smaller residential (1-4 unit) properties, with syndication which is would not be the vehicle of choice to finance a duplex or another small property.Given the amount of overhead incurred to setting-up a syndication (or a private equity placement), you need a property/deal of adequate size to absorb these costs and still provide sufficient upside to ensure your investors and, hopefully, you earn a satisfactory return on your investment.

Little deals like 1/2/4 units have a lower gross cash flow than bigger purchases, so 7 caps or 12% cash on cash returns with debt are not going to be adequate enough to cover incidentals in an average property unless you've got really solid tenants and condition at the time of purchase. 

However, you need to be clear on what your real estate goals are; SFH and MFH are very different projects with very different expenses which require adequate budgets to have a decent ROI.Regarding outdated units to cashflow, just don't expect top dollars for it or expect to have ideal tenants.

The 2nd part is making sure the HOA is properly managed, and has adequate reserves.