They're currently defendants in 2 class action lawsuits here in Hamilton County (disclosure:  I'm a plaintiff in one of them and they are suing me in an unrelated matter).Unfortunately, it's highly likely that you were set up for failure from the beginning. 

Here are the basics.Full disclosure: my business partner currently works in the industry we are targeting.

Several of us own commercial RE in Japan and would be happy to introduce you to various brokers, PM companies, etc (including Priti's company - disclosure - I own a couple of properties through NTI and it's been a good experience; not commercial though). 

In full disclosure, I live and invest in Jacksonville and cannot say enough good things about it! 

No disclosure of your name in the public record.As to your tax filing question, it is also correct that there usually is no non-filing exception for entities.

from the documents a few BP folks sent to me a few years ago. it looked like they were investing in multi beneficiary mortgages IE multiple investors in a fractionalized mortgage.. which can be argued is a security .. in CA they are quite common but you have a specific disclosure document that must be filled out by a real estate broker .. it lets you know who the co investors are.. which is really the rub here.. none of these folks know each other.. and of course this is always the rub in a pooled syndicated investment that goes south.. 

That disclosure makes it clear that you did not have fiduciary duty to the seller in the transaction.

Disclosure: I am a student at Western Governor's University but I am not sponsored by the education system. 

You should require this document as well as a personal guarantee, a 1003, and a handful of disclosures.

I wouldn't buy for appreciation at this moment in time because who knows when the next correction will come...many think it will be sooner rather than later.....if you are able to buy for cashflow right now in Philly that can definitely be your hedge against the coming correction.Full disclosure...I am NOT an expert....I have 2 units in the SF Bay Area that I have for cashflow and am hoping for appreciation...but if they don't appreciate I still have positive cashflow on one unit and I'm barely below cashflow on the other......In Cleveland I have 6 units and all are strictly for cashflow and they are all between the 2% to 3% rule.