If your investors are fungible and/or you have the ability to execute on your own you can control your projects more, which is a dominant reason you should be growing your capital base as much as you're growing your ability to locate quality deal flow. 

You're not alone in recognizing the attractive features of the midwest.

If you are a pro member BP now has a feature to find rent comps in an area.

Either self-manage like many on here do, or hire an inexpensive offshore PM who works US hours & speaks eloquent English (that’s what I do). Mine

@Tyler D'Alessandro I am a realtor and also an investor in my two cents would be decide what type of property and community do you want to live in as far as features and amenities.

. - thanks for the shout out@Omar Khan - here is what I recently wrote specifically about syndications:https://www.biggerpockets.com/forums/51/topics/839015-are-syndications-extremely-tax-efficientAnd here is a very helpful thread featuring several of our resident syndication experts and mentions of a lot more:https://www.biggerpockets.com/forums/51/topics/781803-learning-about-syndication

Michael needs to update his video tutorials or write up a FAQ :) There are some features that are not as intuitive as I would think.

Also what is not clear in your description is which are the dominant and servient tenements....in my reading of your description for example you show lot 2 (yours) and you show the easement on lot 2.

If the listing doesnt include the age of the major appliances as a selling feature, then i would make the assumption that i will need to budget for replacement in the not to distant future if i plan on being a oos investor.

And I also do not like some characteristics of commercial loans such as balloon feature and higher rates etc.