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 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. 

Make sure the HOA doesn't have restrictions on vacation rentals. 30% is industry standard in most places.

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.

I am talking about placing a factory built home on a permanent foundation with that home built to the same national standards as used for traditional stick built homes. 

The procedure is they have the contractor fill out 2 forms, they send an inspector to make sure the work is done (to some standard, I would guess), approve it, send me the money, and I send it to my contractor.

I'm the type of person who likes to standardize everything.