You might reach out to @Nate Meeker who is based near SD.

While the class systems are arbitrary and can be biased based on the person classifying the areas, you are correct thatusually classes A/B make more on appreciation, but barely cash flow (especially with the current interest rates), and that in C classes, you can generate some cash flow. but appreciation rates may be slightly slower if your main focus would be to build equity with some nice monthly income from rent ($50-$100 cash flow after accounting for expenses) It would be in a C class neighborhood with higher crime rates in my market of the KC metro.

The one in ON  where you are based would simply go through the documents and witness your signature and the one in AB would prepare all of the documents.

You will get responses based on each person's perspective versus your own Risk/Reward scenario.3. 

Is your PITI based on current numbers or the post purchase calculation.

I.e. if there is $1mm of net loss in that year, the syndicator can take $300,000 of that loss, leaving you and the other LPs to split the remaining 70% prorata based on equity invested.  

But am unsure how to know which would be the best to prioritize my search based on market analysis.

Determining how much reserves are enough in real estate investing can vary based on individual circumstances, risk tolerance, and investment strategy.

I am mainly in Fayetteville, my boyfriend is active military as well, and the purchase prices are lower and work great for rentals with the base being here.

On a $300k house, that might only be $200k.The cost is based on the size and complexity of the property.