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Updated over 5 years ago,
Looking for RE syndication references
My partner and I are interested in buying mobile home parks with me acting as a sponsor and him acting as KP. Does anyone have any recommended reading as a baseline for understanding how these agreements typically work? I get the basic idea, but am just looking to be a bit more educated before I start talking to a RE attorney to draft an operating agreement. Any idea what makes these agreements succeed vs fail? Any input on normal terms, fees, splits etc.. is also welcome.