Most LP-s contributed (including me) as we accepted the explanation at that time that the stress is due to COVID and inability to evict etc.Later, we found out that the manager who is also invested as LP did not contribute to the cash call and elected to be diluted instead.

I'm sure you won't have to ask, but just incase someone forgets.What I did is made a few LPs to hold the properties and an LLC to be the general partner.  

GPs will be responsible for the bulk of the work required to make an investment work, LPs will be primarily responsible for only capital.

To be very honest, the country that doesn't do too much lockdown/subsidy during covid, they perform better/stable right now while our gov. is extremely over-reactive (either by over-stimulating the demand side or killing the demand just after a year) thus creating crisis over crisis.

Then set up some asset protection entities they need to cover the rest, be it offshore foreign asset protection trusts, DSTs, or LLCs, LP, S-Corps, Etc.

The government helped push rates down after the GREAT recession to help stimulate the economy and housing market.

Then set up some asset protection entities they need to cover the rest, be it offshore foreign asset protection trusts, DSTs, or LLCs, LP, S-Corps, Etc.

Certain investment loans the banks set the reserve lower to stimulate bidding.

And the benefits you are seeking may be differently structured if you are talking about the operator entity (the GP or manager-member) or the passive investor entity (the LPs or members).Precision is your friend.

@Tyler Bobo In addition to discussing the legal structure options with an attorney as @Brian Burke and @Todd Dexheimer suggested, you'd also want to run it by a CPA that is well versed in real estate syndications as the tax implications for debt vs equity will differ significantly for GPs and LPs, which entails that the overall bottom line will be impacted.