The condo to be featured in Tall Timbers seems quite fascinating.

And I would probably look at the smaller houses where you can keep your unit costs down but still rent them at a higher price point relatively speaking. you are arguing one asset class. build a new hotel anywhere in America on any soil it's better than any apartment complex you can own. lower cost per sq ft than type 1 buildings and higher exit. we just ran into that and hotel is way better use after a rezoning application got declined for apartments. hotel is looking much better 

Great point on the differences it can make wrt the more complex structures.

One of the selling features of the fund ended up being one of the worst features.

If you're experienced and want in-depth features, Propstream might suit you, while beginners or budget-conscious folks might prefer Privy.

To add an additional layer of complexity I am under contract to buy land and build another STR.

Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?

•I hosted monthly multifamily virtual meetups and in-person meetups in NYC with my partner Nico, featuring amazing guests like Jake & Gino, Rod Khleif, Sandhya Seshadri, Yonah Weiss, Marco & Hadar and more.

In contrast, hard money lending usually comes from specialized lending firms or investors and focuses on the property's value rather than the borrower's creditworthiness, often featuring higher interest rates and shorter loan terms.

As @Kyle J. described, you're adding a lot of complexity (and closing costs) on a hypothetical.