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

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

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).  

Non-recourse loans are only suitable for very large transactions where a single poor decision can sink you financially and where you have LPs that don't want to sign personally for debt.

Any idea if lenders have tighten up the screws in current situation or they're more relaxed to stimulate the economy specially since they have absolutely no requirement for reserves. 

My philosophy in business is to always be thinking differently and outside the box in every aspect and provide all my resources to anything we may be invested in to harbor a positive relationship to stimulate growth as an activist investor.

I would love to see this stimulate out-of-state money into my area in West Virginia - the state of WV has some incredible opportunity, and this may help some folks actually take advantage of that opportunity.

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).

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.

Real estate can provide cash flow to adjust your lifestyle, but there are only so many beaches I can see and my mind needs to be stimulated or I get bored.