This is a complex situation with potential legal implications, and let me preface this by stating that I am not in any position to give legal advice or any sort of attorney.

The 45-day window has now closed and we are not interested in trying to redo the sale (CPA said it is very complex and expensive).

The payoffs can be great, but it is a far more nuanced business than buying a 20 unit apartment complex.

Most new development is well over this mark and, since there aren't likely to be many more complexes built that offer decent living conditions for lower-end rents, there is probably some room to raise Class B/C leases in the coming years as more people move into Louisville.And, if things do decline, the "luxury" crowd is going to be looking for cheaper digs. 

The martial arts helps kids in so many other respects than just the self-defense application so it's not all bad.With the arts you have to train for a very long time to take complex movements and make them part of your natural reaction process.

Consult a Professional: Given the complexity and variability of these regulations, it is advisable to consult with a real estate attorney or a professional specializing in mortgage notes to ensure compliance with all applicable laws.For detailed and accurate information, please contact your state’s regulatory authority and seek professional advice.

If you purchased the complex under market then maybe sell. 

I find that if you are able to help people within your network navigate the complexities of private money, they will be less apprehensive and less likely to ditch you at the funding table because they get skittish.

But there is other ways, and infinite return model as I detailed is one but often too complex for most to comprehend the various moving parts and math to it all. 

Imagine something like - syndicator buys $100M apartment complex, $100M "diversified" portfolio, $100M in raw land, $100M in retail, $100M development project, $100M in small businesses, etc.