@Ly MaCurious if you ever pulled the trigger.

I've adhered strictly to compliance, which has limited our ability to host similar groups.

I used to do lease options 20 years ago, and it seems like a great way to wrap around without trigger a sale or breaking any terms of common notes.I have a $1.3M property with a 1st of about $850k at 3.25%(or somewhere around there). 

Doing a cash out refi of your DSCR loan to pay back the funds from your HELOC would trigger that penalty. 

I'm talking about the hassle and cost of annual tax compliance EVERY year thereafter: partnership tax return vs part of a personal tax return.And I was not comparing to a trust, by the way.  

I have had many, many problems with contractors over the years that were 100 percent their fault, but I have also had a quick trigger on contractors, not realizing that none of them work they way I want them to, but it's whether or not they are working better than the person you would have to get to replace them half through the job.

This would create a second tax filing and more compliance. 

Your transaction would be suspicious to the point where my compliance group might make me file a S.A.R (Suspicious Activity Report).I have to fill out an O.F.A.C. report (Office of Foreign Asset Control) on EVERY bank reo sale.

The syndicator is the one offering securities, so they're the ones that need to worry about staying in compliance.

One more tip – people remember stories that trigger their emotions.