Unless it's a catastrophic capex related issue, the need for a capital call does not come up overnight for sponsors and neither should it for LPs. 

I'd be interested in talking. my info is in my signature I'll message you to connect. we are looking for 85% LTC lenders for ground up triplex deals for three investors in Columbus Ohio. we are LPs in the deal just to qualify them and we have ground up experience as well as general contractor license. all construction sets, plans, etc. all of the entitlements we take care of so should be all set. totally vertically integrated and all the same plan. all urban infill lots close to downtown easy to appraise. 

If Spark creates an entity, operating agreement, blue sky filings, SEC filings, etc, that all costs money this is cost a, presumably, the LPs are reimbursing for.

Here are a few reasons I want to move into this industry: I love property (and would love to own it around the world), I enjoy spending time with family and traveling, I want a more flexible life down the line so I can spend more time doing the things which are important to me.I am looking for someone in the UK or European market and would like to have a stimulating conversation with you to learn more, and I would love to offer my time and energy to help you towards your business.

A big part is the process of corporations and & LPs and that I am fairly inexperienced in investing and what to start simpler.

Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.

Has Rise ever completed a single transaction including principal and profit return to the LPs?

In the worst case, I've seen contracts where LPs are made to personally guarantee the loan.

Real estate investing is a business in its own right, which stimulates you to develop a whole range of business and personal skills like planning, project management, communication, admin, self-discipline, action orientation, etc.

This whole $200/mo cash flow nonsense is just by sheer luck people bought 10 years ago+ when we came off a recession + higher renter demand + rate policy to stimulate economy.