If it sells they will not let it carry forward. 

I can get into a nice house and have equity for when I sell or if I do a HELOC.

The plan is to sell every 4/5 years and reinvest to double your portfolio at that time.

I did not negotiate as this was when nearly all homes were selling above list so I was grateful to even get it at asking.

We are looking at selling our home, taking some equity to pay off the debt, and effectively start over.

So many GURU's out there  make it sounds like its so easy to make seven figure income just to sell their course. 

Just so you know, 3 years is actually considered to be a very short time with syndications (with long-term running 7 to 10 years or more).So the way you asked your questions, only the most aggressive, nonconservative deals are going to be able to answer them (on things like selling properties after the holding period, capital being returned, properties repositioned).As a conservative investor, I try to avoid those deals like the plague...so I can't answer them.I can also say that I see thousands of deals a year.

Found it via Zillow and negotiated with the selling agent

I have some ideas with my property and I am wondering if its worth doing to create more value or if it creates value at all.I have a small property and I am thinking of selling or getting a HELOC so I am in the middle of remodeling the house to create more value.

As someone above had mentioned you have to be weary of the HOA in any given building and what the implications are for you renting out that condo or short term (Air Bnb) when you decide to move out, pending you didn't want to sell!