Due Diligence and Safety for Passive Investing in Syndications

[Tiffany H.]

Hi All,

Does anyone have some specific things to look out for in terms of investing with a new operator/syndicator in a passive investment fund?

Due to giving up control when you're investing in this type of group investment, I want to make sure I have safety checks in place.

What questions should I be sure to ask?

What documents should be in place and what elements should be in place to protect me and provide proper incentive model for the managing member?

I've verified that a few people I know have been happy with past performance with this company I'm considering, but I want to make sure I'm doing wise due diligence on my own, as well.

@Ellis San Jose any experience or tips here?

@Jane Haig ?

@Patricia H. ?

Thanks for any advice.