I would mention that you'll be filing a complaint with the state regulatory agency that oversees realtors in Illinois.

And the reason why is simple:"Where imposture, ignorance, and brutal cupidity, are the stock in trade of a small body of men, and one is described by these characteristics, all his fellows will recognise something belonging to themselves, and each will have a misgiving that the portrait is his own."

Please help :( My investors have traditional, they invested with me in " other people deals" I want to start my own multi family fund/JV but see conflicting info about the " warm body" requirement for debt ( commercial debt) . queations : 1-JV vs Fund ?

Can someone is layman's terms explain a warm bodies guarantor.

Certainly real estate syndication can be a great way to share risk, pool equity and acquire larger assets but as @Jay Hinrichs noted if you chose that path you enter into a new world of regulatory scrutiny.  We have put together syndications to buy multi-family assets and have also participated in syndications sponsored by other investors as a passive investor.

Basically, it's the body mass index of real estate investing: easy to calculate, but not providing much real insight.That said, the best explanation I've seen so far is here: https://www.biggerpockets.com/...

.- Liability - always flows to the deepest pockets- Fear of regulation - regulatory bodies are gunning to take down short term rentals basically everywhere.

While one would need to review legislative/regulatory history to really understand the "why" one can deduce that it comes down to the fact that rules are different (e.g. rules for calculating 5-year "clock" for qualified distributions, etc).

It would be interesting to see if certain areas see lower inventory, with demand remaining constant, because those areas are a more intrusive and regulatory climate.

There is NOTHING I don't know about the human body.