Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

Once you are in the portfolio, the likelihood the DSTs would all sell at the same time in 7-10 years approximately is extremely unlikely.

Raising capital with your existing track record is going to be extremely challenging.

Once that is complete, the property is yours.Now all that being said, it makes me EXTREMELY nervous that you don't understand the process and your only go-to is a wholesaler. 

I have watched a couple of your YouTube videos and found them extremely detailed and informative when it comes to the Milwaukee market and investing.

I feel it's extremely important that I link with like-minded individuals.

It’s extremely helpful. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I have been extremely impressed with his teachings have found myself measuring other training courses and products against him.So far the only strike that I have against him is that I don't agree on his politics. 

I used to cold call sellers from across the countries, and offered to buy their homes for cash.