Looking for RE syndication references

[Darren Mesibov]

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.  

[Greg Dickerson]

It’s a matter of clearly defining goals for the business, size of acquisitions, futre growth, target markets etc

Next would be defining roles, capital contributions/expectations, decision making process and equity and profit splits.

These are just a few of the main issues to map out before meeting with the attorney as they will help you with all the other detailed legal and estate issues.