As for a generational lineage plan, it's best to assume at a future date you will liquidate EVERYTHING, roll it into a fund of some type be it in syndications, W.S. or what-not, and than the heirs will "manage the managers" as this is the most realistic long-term multi-gen inheritance structure.     

I would get with your property manager if you have one, or call one and offer a consultation fee for their time on how to go about structuring the invoice.

However,Working with a good attorney will make the process easier but having a good administrative structure will be critical because there are a number of steps must be followed for compliance...which makes the SERIES LLC a little more involved in setting up your standard entity.Happy to discuss further.

It's quite difficult to do (and sometimes illegal) when purchasing multimillion dollar multifamily properties through a syndication structure. 

If it's a more complicated structure than a single-member then I think the advice above is relevant.Most people asking in this context are usually looking because they need it to confirm a loan for an LLC they already have or just created and don't need anything fancy to start.

This makes it an essential tool in the capital structure, particularly in challenging financial circumstances.Overall, while both Mezzanine Debt and Preferred Equity have their unique benefits, the choice between them should be guided by the specific needs of the project and the financial goals of the investors.

Ideally, this line of credit would be structured at a set interest rate with interest only payments for a period of 60 months.

It is one of the few that will cover structures I use and provide general liability.

The risk profile for someone who's a local GC and has worked on structural rehab buying a portfolio in a building is quite a bit different.Also, situations like this where professionals can properly evaluate risk and bring in capital to solve the problem of said older folks is a way to earn income and make a positive impact (assuming you're not low balling the distressed, fixed income seller).

A little context: the building is structurally sound and they have done major updates such as septic, generator, and sprinkler system, and all mechanicals are recently inspected and tagged.