After 3 months, Fund and Grow will do another round to increase the number.I am planning to buy turn key property out of state, gain more experience, increase my network and wait till the next recession to buy property in California.

Stick to your education and learn how to structure a purchase money mortgage...that's your ticket to better quality with limited capital. 

We had to convert away from STR in the off season on the one unit that was STR year round so its cash flow was reduced a little. 

Often not worth it unless you really want to do some big ticket items.

I think some quarter round would give it a better finishing touch. 

Cap Ex (Capital Expenditures) are bigger ticket items that get accounted for differently come tax time.For budgeting reasons, you can just lump the two together and budget, say, 10% total for repairs/capex

For many families driving 40-50 minutes round trip twice a day is not possible because of inflexible work schedules. 

You just can't get away from it.

That way you can reuse the acquisition entity over and over and not worry about loosing the $95 (a rounding error in syndication btw).

That is what you want to provide and people are will to pay for this experience while they are using their vacation days to get away from their normal life and routine.