Their participation is 100% passive, and we offer them a preferred return (we don't see a dime out of cash flow until their pref return is met), a 70/30 - 80/20 split on their favor after that, and typically the same split on every capital event.

No one shares details because they don't want to blab about how proud and sneaky they are.How many conventional loans you can get changes over time.

Account ClosedNice to see you participating in the forums ... and the small step forward of dropping one of your frequent {stuffed} keywords from your post.The handling of a squatter vs a tenant will undoubtedly differ with jurisdictions, so the ultimate advice is to consult your legal counsel on the matter.The crucial distinction - at least here - that that a squatter had no legal right to be at the premises and is essentially in trespass / illegal possession of the property.  

I've learned a lot here but never contributed and I wanted to participate and contribute. 

My last deal where the attorney did very little it really was not his fault, other participants in the transaction were not following up with him.

@Fred CanzanoSee the following to learn about the prohibited transaction rules. https://www.irs.gov/retirement-plans/plan-particip...

Co-Ownership of a rental does not constitute a partnership if there isn't participation in the ways you quoted above.This is why it's important to have a CPA who specializes in RE and can do more than file your return (like help with tax planning- something that saves you money rather than costing you). 

Again, if this ends up getting good participation / votes, I will consider using your colors/ rendering. 5.

On the other hand, people who participate in pyramid schemes usually never got their full initial investments back, yes, some will get monthly payments for a while and when the pyramid starts to crumble, the payments stop. 

Carlos Casanueva Do you want to lead or participate in a commerical multifamily as an LP?