Results have not been great but also realize it takes time. 

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?

In this case, the seller is still responsible for his original loan, and then Ashish's answer is correct: interest deduction belongs to the seller.Once I re-read the original post by Anirudh, I realized that he left both interpretations possible.

I realize alot of investors have absolutely no asset protection ie LLCs for their properties and have been told by a couple of attorneys that im over thinking and perhaps paranoid of being sued, california as well as the entire US is known for excessive litigation.

I quickly realized that I was not destined to work in this type of environment for very long.

My belief is that you will be challenged to realize a 10% savings loan n your first effort and there is some chance it will cost more than if you used a GC.  

But let’s be real—people use these terms interchangeably all the time, often without realizing the distinctions.

Good point did not realize it was OO prop..  

You could lose months or years and still not resolve the problem or realize you cannot do what you wanted. 

@Steve Smith I remember when I realized I was lean financially independent and all the sudden time became more valuable than money.