(There's also appreciation to be realized once they're recovered)Truly a stimulating conversation!

one got section 179 treatment day one when you bought something brand new... caveot  it was your trade and business and since I am 100% real estate I qualified.. passive investors did not.. worked pretty well to stimulate MS and LA economies back then.. most car dealers used it to build brand new dealerships in Jackson MS... doctors built themselves their own offices  it was a huge boon..

Davit Gharibyan connect with other LPs and get an unbiased opinion of the lead.

None of those setups are all that appealing.Also I'm not 100% sure since I do not have any LPs in MA right now but I think that a few years back they changed the fee structure so LPs now cost the same to setup and maintain as an LLC (I think it used to be less, which would be a reason to consider it) but now I'm pretty sure it is the same $500/year.My guess is that you will be best to do an LLC that elects partnership tax status.

I understand that there are some requirements aren't a legal necessity to obtain, but would look better for future LPs.

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

They would be LPs.

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

Let's say you start with a smaller multifamily and still run it as a syndication and still raise from LPs.

For context, he produces a lot of content about passive investing, and advises LPs on existing and future investments.