I eventually found a new GC, but his recommendations for lenders and PMs were spot on after my due diligence period. 

@Justin G.You will receive a K-1 from the syndication reporting your share of income/losses.If the K-1 is received prior to April 15th, you have the opportunity to file a timely filed return.if the K-1 is expected after April 15th, you will be required to file an extension for your individual return.Depending on where the K-1 invests and the amount of your investment, you may be expected/required to file in multiple states.You may have some tax decisions to make during the period when the syndication plans to exit(normally 5 to 7 years).

Going forward, you can just include additional language/terms that provide an opportunity for contractors of your choice to inspect the property during the due diligence period.

Few investors I feel hold sfh for any lengthy period of time of 10 yrs or longer. 

What does matter is they were initially trying to limit the increase for the unit, regardless if the tenant transitioned in that 12 month period.

Most of your due diligence (MEP & Arch study) falls under a feasibility period.

@Peter KimIf you plan to hold it for a short period, then interest rate isin't as important.However, the deal is basically break even to you and the bank at 5 years.$1398(mortgage payment with the 3.25% mortgage) - $1,327(mortgage at the 2.75 rate) x 12 months x 5 years = $4,260

Show them the pictures and or videos that were taking during the pre-rental period inspection.

@Dick Rosen periodic rent increases is something I haven’t thought about yet.

The rents will remain high after building but you can sell the new home and lot if you wish after a period of time I think.