All that is wonderful but how well you are able translate that knowledge into the world of REI (without a coach) is another story.

You mentioned that you might to see an attorney later, translation might be you don't want to pay for now for legal advice I suspect, you should have seen your attorney before you started!!!  

By purchasing at market value, and repositioning that property (usually includes altering the improvements at sometimes great cost) these investors may be able to tremendously increase the property value.

This doesn't automatically translate to them actually doing that.While furniture is a benefit, there's a BIG difference between staged furniture and a tenant just leaving crap around the house. 

Single member LLCs are very difficult to insulate yourself from saying your alter ego is responsible and not you.

Yes, three days is the standard period for attorney review and it is definitely enough time as it's typically a boilerplate contract with few alterations.

And then translate that success into being an Equity partner, or a JV partner (my company and team, not just me) in the other 4,000.  

On the other hand, if someone loses $1MM, there would likely be more dialog between the crowdfunder and investor, and unpleasant dialog to say the least.If the model is to target smaller investments, it might be reasonable to assume that the total capital raise in any one investment would be relatively small, which translates to fee income to the crowdfunder that doesn't justify on-site due diligence.  

Courts look carefully to see if the LLC is really a separate entity as opposed to an alter-ego of the owner.

We do a lot of house hacks with clients in Milwaukee and I don't know the Lexington housing stock, so not sure if what I can tell you translates well.- Make sure you buy in a quality area; you can leverage your low downpayment to stretch much more than you could with an investment property.