I am strongly considering removing a load bearing wall to give the unit much better functionality & (hopefully) have an easier vacancy period in the future. 

Anyone else been in the same situation or know if it is possible that a syndication can be structured in such a way that the LPs bear all the tax burden?

That's why many people either move up into Mass (and pay much higher housing costs), or settle in Providence/north and just accept a long commute.So I think your concern has some serious merit and bears some further investigation if you don't have your heart set on Providence specifically.

Because of this there are'nt very many comps for a more moderate rehab (i.e. upgrade of all fixtures refinishing of walls and re siding of house but without structural changes like removal of load bearing walls re-framing of roofs etc ) .

The LLC management would bear responsibility of lawsuits.

The seller bears responsibility on the contract as well to deliver on their end.

Interior walls under T-bar are non load bearing.

Long term cause and effect elude most people, but could that have bearing on execution of real estate projects?

Evictions may have a bearing.

And on some ag land I have done soil testing because not all soil treatments for ag are conducive to having people live or work on top of those soils.Also you can talk with a local for profit land planning company or Civil engineer you will need them eventually usually they will give you and hour for free..