Does the syndication company gain the equity that is increased as principle is paid off or the equity gain as asset appreciates or do the investors realize these equity gains?

Increase rents to market rent2.

You can potentially increase your income by multiples and temporary workers are a solid niche for this. 

I just need to keep my head up and plow through this initial phase because once the ball gets rolling, I'll be more confident.

Once you feel comfortable you can now make those calls and be confident in your own market. 

I am currently looking into getting my real estate license in North Carolina and hopefully this will increase my knowledge of real estate and which direction i need to proceed. 

The property can be turned into a four bedroom 2 bath (through space in the basement) which would increase the rent potential substantially. 

Rents hadn't been increased in years.

Thanks, the catch is I did most of the work myself, subbed out a few projects like full bathroom re-do :/It was a huge learning experience, but now I feel more confident in both understanding the scope of various projects, and working with contractors for the future.

But I have enough of an understanding to give me the confidence to go for another LIHTC property if I wanted to.