Prices have come down appreciable to stimulate this section of the market.

Also as we moved up to larger properties where value was determined by the income of the property versus appraised values  we found that to be more stimulating.

After all, that's how the industry makes most of its money.One of the things I hope to offer clients is insight into owning real estate, private lending, real estate LPs, and so on as financial assets.

@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/

My goal is to stimulate interesting and educational conversations.

Needless to say, it is a bad tenant turned worse situation that has stimulated his motivation.  

Is there a diverse job market that is providing higher wage jobs to stimulate growth?

From what is written in this thread it seems like many of the deals structured have large up-front fee structures where the sponsor profits handsomely regardless of how much value they deliver to the LPs.  

Whether the LLC, if the deal were to be structured under an LLC, should be member managed or manager managed will depend on other factors.In a real estate syndication you should get started with the incorporation of the different legal entities (LLCs, LPs, etc) after you are under contract.Truth is you will (or should) never get a straight answer to the question of How to structure a deal.