LPs also have more limited rights than other operating agreements that I have read for similar deals. 

The way our firm does does our splits with our LP investors is as follows: 70% LP/30% GP, 1% asset management fee to us the GP & a 7% cumulative pref to the LPs. 

@Jay S. who knows, it's possible that HomePath loans have had poor performance (delinquencies) due to the looser guidelines, or FNMA is no longer in as big a hurry to liquidate their REO (could be political pressure to tighten inventory and help prices continue to rise, creating a wealth effect to help stimulate the economy).

You still have to do some data clean up and look up the managin members of any LLCs/LPs/Inc, etc, and then skip trace them, but we've founds lots of buyers that way. 

I know after going through the melt down of the syndicator I was working with ( and again this was mid to late 80s) and they had about 150 LPs they were GP for.. it was a mess.. holy man.. many of the  LPs formed committees and kicked them out as GP and well that just made the attorneys rich..  

Everything else stimulates the local econony.

There is a letter that was sent to the campaign which refers to an analysis:Letter: https://www.1031taxreform.com/fea-sends-letter-to-biden-campaign-regarding-the-importance-of-like-kind-exchanges-in-stimulating-the-economy/Analysis: https://www.taxpolicycenter.org/model-estimates/former-vice-president-bidens-tax-plan-march-2020/t20-0074-former-vice-presidentThe analysis makes mention of "certain tax preferences for the real estate industry," which one can assume is 1031 exchanges, but might also be depreciation, TPR, changes to passive income treatment, etc., but cites no sources.   

We also offer a limited listing for $500 for 6 months to our sophisticated sellers, but that's largely just a way to try to help stimulate more inventory to market and hopefully a way to get the jump on properties for our buyer clients. 

This is done to mitigate a down economy, to stimulate.

My goal is to find my LPs and build the working relationships with the Phoenix-based experts.