Quote from @Rud Sev: Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how preferred returns/cash flows are taxed, if at all, until the amount invested has been returned.

The answer is to value this as any other business generating income, not just stick within the confined box of valuing the real estate only.  

The goal is legitimate: due to complex tax rules, you have opportunities to game the system by selling some of your investments and intentionally generating either gains or losses.

No pocket listings = agents aren't even calling for new leads anymore, rising interest rate has nothing to do with an agent's ability to generate leads.If you mean multifamily apartments, 5 units and up, some of those agents will know, but not many until you are over 10 units which are more listed by only commercial brokers which I agree do understand seller finance.

I would also caution if you are intending on a vacation rental be very cautious of the individual town restrictions.

I do not see a need for extra cost or tech not all of your guests will appreciate (i.e. older generations).

Welcome to BP - I'm sure you'll learn a lot here and connect with other individuals who have the same interests!

Purchased and sold on the same day, it generated a $50,000 profit.

I'm struggling to generate extra lead flow from builders, mostly because it's so difficult to identify folks that are doing ground up, business purpose construction. 

Don't sell anything but awesome community to be around like minded individuals