Syndicators do this because most passive investors are not sophisticated enough to realize the "security" of the preferred return means they usually are giving up the potential for massive returns if the deal does well.This next comment would apply for all syndication.  

Not only do they gouge the owners with massive new tariffs and no increase in services, but tourists as well, with exorbitant occupancy taxes.But greed kills, and these overreaches will do the same.  

I don't want to deal with massive headaches  for extra perceived yield. 

Once, a tenant left a massive stain on the rug beyond repair.

As a multifamily specialist there, I do mainly two types of housing: affordable (DSS, Section 8, CC), and students.Binghamton University is a massive state school that's outpacing the higher-ups' expectations for growth, and has been for a few years now.

These folks wont tell you not to pay them massive fees! 

OH gosh I just read this and this is what led a company I worked for in the 80s into a massive BK loaning between partnerships..

The northland (as north of the river is often called) is also a burgeoning home to massive data centers including one built by Facebook’s parent Meta and also has charming and distinctive downtowns including North Kansas City and Parkville.

So, you, as an individual, may not get to the same rate that a MASSIVE national builder can...but you can certainly offer credits to the buyers to help buy down the rates. 

After I reached that goal, I set a new goal of 3x the required income for financial independence with the intent of giving 2/3 of it to charity.I don't believe in leaving a massive legacy for my children.