As a real world example, last year our LPs received 100% passive losses for each dollar they invested in 2021.When a property is purchased, a formal cost segregation study is performed wherein the value of the property is segregated into land (which is not depreciated), buildings (which are depreciated on a 39 or 27.5 year schedule), land improvements (15 year schedule), and other smaller items like personal property.

GPs really make money when a property is sold and all equity that has been created is now distributed to LPs and GPs.

But hey, I would caution against just randomly picking anyone from there - instead find those tribes and find LPs to connect with than to talk with the syndicator/sales guy.

Late 2019 they banned so many short term rentals and retracted their permitting for such rentals, and I could see them becoming even more restrictive to stimulate money back into the hotel industry - this could also force you to go to a long term rental plan and slash your margins. 

Any performance based challenges should also be regularly communicated to LPs, along with an outlined course of action to overcome them.

In any case, Limited Partners (LPs) – or passive investors in syndicated deals – should vet the GPs…That is, have they built a solid team?

Furthermore, there is an argument that low capital gains rate stimulates entrepreneurship.

The worst thing to do is fee-ing the LPs to death!

Under normal circumstances, when a man is sexually stimulated, the penis fills up with blood.

I'm sure I'm missing something, so hoping this community has some insight.Here is the scenario:Total invested capital (all from LPs) = $3,142,095Total project level cash flow = $243,756Preferred return = 7%LP Equity share = 70%Based on these assumptions, I'm calculating LP cash flow of $242,283, but the book is showing $227,085.