Let me know if you have questions, I've done a little bit of everything - rentals, flips, now in development - and I've really enjoyed sharing ideas with members on BP to stimulate my thinking.

I would put together a presentation ASAP (I can share our deck if you want an example) and line up meetings with regional banks and potential LPs.

I agree with Todd on doing it as a syndication since you have lps. 

One thing the LPs did mention is that it the experience felt impersonal and they were looking for more of an open dialogue with their deal sponsors (i've heard this type of feedback from investors who switch from crowdfunding sites).

However, if you really want some more stimulating reading on the topic, you can go here: Understanding California

This may be an extra layer of fees and overall hassle you don't want to deal with, especially if there is no difference from a legal liability perspective.On the other hand, some states, like CA and PA charge fees based on gross receipts or asset values to LLCs but not to Limited Partnerships (LPs).  

The issue has more to do with getting the right message in front if the right person at the right time and stimulating them to take a certain action like call you.

@Jerry Puckett promotes a kiss me approach which offers a great awareness for those prospects who are motivated by a stimulation that serves their desire.

There are a lot of companies around the nation that source property, demographic, bankruptcy, foreclosure and other data, like The Warren Group, LPS/Black Knight, Experian, Equifax, Axciom, First American, and COUNTLESS others including many smaller regional specialists that have built specific areas of expertise, and which offer great services at various price points, and with various areas of focus.Do companies buy from each other rather than do it all themselves when it is cost effective, and the data is usable - you bet.

Details are up to an attorney, and I'm not one.Forget LPs, LLPs and all other more complex entities.