@Ty MacArthur, I agree with @Brent Chauvin, your best bet is to double check with an attorney and setup the LLC the right way.I have syndicated several large apartment deals and the worst thing you can do, especially as you and your brother are getting started, is to take short cuts with the formation side of things.Good luck on your journey!!

You can short cut some of this by paying to have your house appraised or talking to a local relator who knows the market and can give you a fair and unbiased estimate of these numbers.

I would think your alternative would be the proper way to do this rather than the shortcut criminal act you suggested.

A wise investor will not try to get rich quick with shortcuts.

A wise investor will not try to get rich quick with shortcuts.

There are NO shortcuts to hiring employees the correct way .

This is a business, so look at every obstacle and try to come up with a solution (not to be confused with a short cut!).  

A wise investor will not try to get rich quick with shortcuts.

I love how non-chalant you make starting a syndication sound.... why not just become a brain surgeon or hedge fund manager, while your at it....be sure to learn the violin and saxophone, too...there are no shortcuts to bypass experience, and no experience teaches a louder more clear lesson than having your own equity(capital and sweat) tied up in dealsLASTLY...the pandemic saw the majority of syndications reduce or stop disbursements, while most individual investors were 100% collections combined with record breaking appreciation.The real question, is how on earth did you expect this post to go?

If you take shortcuts, you'll find a shortcut to bankruptcy.