I recognized a great opportunity to upgrade a property without having to move walls.

Usually, the passage of clear title is the single most important factor that the courts have recognized relative to ownership of a residence. 

Make a 8 - 10% return.3) Start purchasing SFH in hot neighborhoods where teams have been working together     and proven working with the syndicate for 5 or more years. 

Hard to say, but we know San Diego is a supply constrained market with strong population and employment growth prospects in a great weather climate (with long term climate migration something to be considered) where it is VERY hard to build new apartment units and those that do get built are top of market Class A units so buying C and making them B+ in A areas is a proven model in SD.

@Evan Smeenge Recognize that, especially with SFR and duplexes, the investor may not actually be looking for cash flow.

Once you get good at analyzing it shouldn't take you too long to recognize a good deal in the future. 

You just need to recognize that if there is an issue with any property in the LLC, then essentially all the properties are part of the "pot" if there is a judgment - the liability attaches to them all.

It's been proven time and time again that usually (not always) it doesn't solve a problem when someone gets something for nothing.  

Proven track record also works like a magnet.

3) Also, I recognize that by waiting 11 months to finance the property I have the risk of interest rates going up.