How do the tax benefits the syndication provides LPs impact the return? 

This includes mortgage payments, property taxes, insurance, maintenance costs, and property management fees.

Had I listened to their advice, I'd be in a much lower tax bracket and have a much lower net worth. 

Essentially, people could donate money and get tax deductions and then that money could be pooled to buy property, fix it, rent it and pay a manager.I’m assuming it would be similar to a self invested Ira.

Foreigner investors can either pay a flat tax of 30% of their gross rental income or elect to file an annual US tax return and reduce their taxes by claiming deductions relating to ownership and managing the property.

As far as your tax questions, I would personally refer you back to your tax advisor or refer you one if you need it.

Make sure to pick houses that still make money after you pay all bills, like the mortgage, taxes, insurance, upkeep, empty times, and management fees.

You may lose your tax benefits by transferring into the LLC, and have to pay capital gains tax on any gains you have...talk with a CPA about this.

Assuming you have owned the property for less than 12 months the real number for cash in the bank will not be $50K because of the taxes you'll pay from Short Term Capital Gains. 

We are looking for recommendations on a good Lawyer and CPA that practices real estate law, taxes and strategies.