@Brian Gibbons- First off, thank you for presenting your question in a manner that stimulates conversation. 

The ones who pay property taxes and hire local workers and stimulate the local economy.Tand the South Bay that don't make it difficult to provide housing.This sort of tenant relocation out of the pockets of small business owners (housing providers) will affect the entire market and Long Beach economy... mainly negatively.https://www.lbbusinessjournal.com/rental-properties-city-council-to-consider-tenant-protection-policies/

Having a diverse portfolio stimulates internal organic growth while opening opportunities for other partners broadening their network and possibilities.

And to have LPs sign on loan guarantees is very unusual unless the investor owns greater than a threshold percentage set by the lender, which could be 10%, 20% or 25% ownership (or actually it could be any number at the discretion of the lender but these are the most common that I've seen). 

The big players are safeguard and LPS, plenty of little guys and lots of middle men between the big 2 and you.

Most documents, again to my knowledge, expressly say this isn't allowed.Most LPs, especially at a family office level, are extremely private and do not want other LPs to access their name 

The norm for experienced sponsors is that LPs are respectful and thankful for the opportunity.

However, I have seen where syndicators interpret the "limit" as 10 or fewer GPs.I haven't seen any restriction on the # of LPs.

(Side note Kiyosaki says this is why he won't invest in Canada).A big driver of pricing is from foreign investment (eg Asia) especially the west coast (Vancouver, Calgary).Real estate is a huge part of our economy so the government is very protective and puts laws in place to curtail or stimulate the market.

----Purchase Price: $675kEquity Being Raised: $170k-----Is it typical for GPs to invest pro-rata alongside LPs and get a 20% carry on the back-end in the event of an exit?