@Justin G.You will receive a K-1 from the syndication reporting your share of income/losses.If the K-1 is received prior to April 15th, you have the opportunity to file a timely filed return.if the K-1 is expected after April 15th, you will be required to file an extension for your individual return.Depending on where the K-1 invests and the amount of your investment, you may be expected/required to file in multiple states.You may have some tax decisions to make during the period when the syndication plans to exit(normally 5 to 7 years).

Something to do with the ratio of the average income of the individuals living there to the current growth of the population.

If the house is 200k how is the debt to income reflected with each individual partner?

This will be an owner occupied unit with the rest of the rooms on the top floors individually rented out.

And how might it look different for a well established company vs a small team vs an individual investor?

I would meet with them in person individually and explain what is going on etc. 

As you learn and surround yourself with like-minded individuals, you will start to put together some systems, processes, cost analysis, and other marketing research that will help you make informed decisions rather than just "a hope and a prayer".

In real estate there is plenty of room for people to succeed and you will find individuals who want to help.

@Jason Lagan Welcome to the Central Florida area, lots to learn in this city but BiggerPockets is a great source to help out with the resources of individuals here.

To perform a lot split on an existing lot with an already built home, the new bill allows requirements from individual municipalities to set minimum lot SF and layouts, there are utility easement issues, and most existing homeowners will not want to split their SF lot on their primary residence.