Quote from @Max Nathan: I'm trying to get financing lined up before I find a deal.

The inverse up in the NE where folks departed to FL, NC, TN, TX, and now when they try to revert you see a massive short in CT, MA, etc. 

The question behind the question is that I'm trying to figure out how to communicate with property owners that have under-utilized assets.

I would try to avoid this type of situation again.

@Rud Sev, I would ask the syndicators you are considering if they have any sample K-1s they have issued in the past to try to get a general idea of how they treat their common taxable items.There are a few things that are likely needed to be outlined:Your capital account balance for the investment, i.e. how much money the syndicator is saying you have outstanding at any time and used to calculate preferred returns, can vary from your taxable capital balance shown on K-1.  

Thanks I honestly hate public speaking Which is weird considering I was in front of classroom for almost 20 years If your ever in po m-f shoot a call or text  I’ll try and make time to meet for a coffee

As I am considering my offer, I am trying to understand how much to budget for attorney, title/closing costs etc? 

I started my domain over 10 years ago when people first started going online trying to buy fixer upper houses.

In my experience, most people are better off just trying to sell their portfolio and buy a larger asset.

Unfortunately I am also trying to get my money back from him.