Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more. 

let them know you want their official answer for posts and information is posted on social media and the newspapers before you post anything so they have a chance to review it. 

The pref layer is a third party institutional player.  

Quote from @Rachel Jane: First post, no idea what I’m doing, lolMy grandfather passed away and left me his condo, which is fully paid off (and located in a seniors residence) It’s worth approx $500,000 (CAD).

Now I realize that not all situations will go exactly as planned but it is important to have a realistic plan from the beginning based on past results.Ivan, Hopefully this post was helpful to you in that it helped you consider different options based on your personal situation and real estate investing goals.

Originally posted by @Joseph Binkowski:Hey BP Community -I was sitting-in on an investor presentation for a syndication of an attractive 320-unit Class B MF development in a fast-growing market, and then I realized... it was a 506c project for accredited investors only [which I am not.. yet:)]So then I began thinking...How can I possibly get involved?

This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.

They could make legal arguments about hardship and/or off-sets for non-compliance by landlord, but this would require posting rent or coming even with rent.

You may want to post this over on Passive Pockets.

If anyone can update or confirm any particular state in regard to my original post, please respond with the source so we can maintain an updated list.