Get copies of T-12 and further back if possible, tax returns, rental agreements, software subscriptions, retail components and inventory if any like moving supplies and rental division. 

defrauded' is too strong...The notion that I, as an individual investor, should put my money into a system which is increasingly volatile due to the whims of large financial institutions, global politics, environmental factors, social media, etc. for a paltry 6-8% return.....it's lunacy. 

Cashflow is just one component of the deal.

Just understand the cost to replace or improve the components of your property (as you very well seem to), and when they will likely need replacement.

Also, one of the most often overlooked components of a syndication is the reporting.

Did you list property way above market value because of the business component of the str?

In my research, a big component of wholesaling seems to be knowing your market. 

Economic trends take long times to manifest, you can see where this is going.The supply chain of heavy machinery components is long. 6-12 months. 

Insights on challenges, best practices, and any tips for a newcomer would be immensely helpful.Local Regulations and Compliance: Are there any local environmental or other regulations that I should be aware of when planning this project?

If you typed a negative comment but you send out tons of paper mailers then maybe you should think about how people feel about junk mail or the environmental impact.