I know this can be expensive.  

I literally know nothing on this subject so any input is appreciated.

Would love to have conversations with others who have had dealings with this court. 

This feels like the time Michael Scott tried to declare bankruptcy by yelling "I DECLARE BANKRUPTCY."

No one can answer questions like this because the strategy depends on the investor's level of interest, financial framework, location, and many other factors.

In general I'm saving for repairs to the property, but we all know that this covers a wide spectrum.

Are there additional primary residence requirements such as homeowners exemption required, or anyone know if this is coming down the line?

The less conservative is: operate as a finder or co-GP but with very good, conservative counsel to keep everyone in the clear.I recommend you read up on "disgorgement penalties", and make sure the sponsors that are recruiting you have done the same, before jumping into this co-GP/Finder ship.

Quote from @John Williams: I would only support this because it's California where electric cars are most likely to be mandated and used.

I hope you learn from this and hire a quality PM for the next time.I would try two things, simultaneously:1.