This is a very common way for people to investing using their retirement accounts.

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?

The design was great, but they hadn’t accounted for the structural modifications needed.

Cash from self directed IRA accounts How did you add value to the deal?

Make sure that your tax accountant understands this. 

Hello, I am also located in Toronto and have around a decent sized portfolio in Cleveland.

You need to create an account.

Marie Poe...her account is deactivated, but a search may turn up some of her info if you search the name and someone mentioned her in their replies.

I see neighboring properties of mine that are a comparable size and I know they use dynamic pricing of some kind, but no one has exactly the same price as me.

Feel free to reach out with any accounting questions.