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.

@Anthony Freeman, as noted, there are two primary exemptions syndicators use: 506(b) and 506(c), each having their own unique requirements as to what is required to remain in good status of that exemption.Back to your question: are you a syndicator/GP and want a form to provide your LPs to remain in good standing?

Proportionately the the assumed amount you are raising, you likely won't have much of a return left for your LPs after all is said and done on the 4 family scale of things.The key with syndication, both from an LP and GP perspective, is to get into deal that are otherwise not typically accessible to most individuals.  

Do all LPs need to see the final Cap Table in Exhibit-A of the OA.In other words do all LPs need to see who are the other LPs and their % of ownership on the deal

I purchased a Tenants in Common (TIC) interest alongside a syndicator (I own 5%, GP/LPs own 95%).

A tax shelter occurs when an entity shares more than 35% of its losses with LPs.

What is their information delivery system to LPs and how often?

So far, I have used it to invest in a couple of apartment LPs.