Invest based on your goals and resources, make sure you study everything before investing. 

Can we takes losses from syndications (as a LP) and deduct those losses from our W2 income, Based on the fact that my spouse qualifies as a real estate professional?

That is certainly the goal (revitalize downtown) the nonprofits here are making "filling storefronts" with viable businesses and keeping tourist downtown,  longer. 

For a fund it is genearlly based on the equity raised.

They can provide a more detailed analysis and advice based on current market conditions and future projections. 

The contract is submitted when pulling the permit because the permit cost is generally based on the price on the contract.

If you want to copy that sort of model, go be someone's assistant for a while, with a base wage that'll keep you from starving. 

Based on what you are looking to do, this might make sense.

If you're thinking about turning your garage into a bedroom with a bathroom to make some extra cash, here’s the scoop based on my 20 years of experience: You'll need to budget for design and engineering costs, which typically run between $2 to $3 per square foot of your total property area, not just the garage.

Based on the 14-day rule, I don't need to file any profit from my short term rental.