You could keep doing what you're successful at while evaluating and finding the right MF sponsor.Lot's of active MF investors start out as LPs to get some experience under their belt.Good luck!

Interested in the perspective of both LPs and GPs in syndications.

The government massively over-stimulated the economy (and passed other inflationary policies), driving record inflation. 

This can be beneficial for those with limited capital or expertise.Limited Partnerships (LPs): In a LP, one partner has a more active role (the general partner) while others contribute capital as limited partners.Seller Negotiation Strategies:Discounted Purchase: Negotiating a lower purchase price based on factors like property condition, market conditions, or the seller's motivation.Lease Options: Renting a property with an option to buy later.

"Even if you only spend 15-20 min googleing and compiling some of the data, it shows self motivation and may demonstrate that you know enough of the basic key concepts and variables that an investor should be concerned with, so in turn you stimulate the pros and master level posters to want to add real in depth value, that is deeper or more insightful than what can be determined from a 15 min google search.

With LPs and REITs, you are not even the tail of the dog, you are more like a fleas on the tail of the dog.

What will happen is that cap rates will increase, so more deals will work, then cap rates will decrease again as the properties begin to stabilize, then the profits for GPs and LPs alike will be fantastic.Honestly I don't think preferred returns will change much unless an individual syndicator is desperate (and I would personally never give a desperate person my money).

Even then there won't be an additional layer of taxes, per se, since LLCs and LPs are pass through entities so any gains or losses are passed directly over to the owners via a form K-1.  

There will be different classes for GPs and LPs. 

LPs are passive and the GP makes all decisions and runs the business.Does this help?