Just read 'Set for Life' and you illustrated exactly the advice Scott Trench was laying out. 

@Bill Gulley your best story/explanation/ illustration ever! 

A good illustration of this is in permissible purpose on defaulted mortgage accounts.  

Plus they also write blog posts to illustrate their investing style.At the end of the day, you aren't convincing people to invest in MF, by the time they get to you they most likely have already made that choice.

Here are some round numbers....I have no idea whether they are accurate, but they should be close enough to illustrate the point. 

I won’t try to illustrate all of the forces at work between supply and demand, but I want to provide an introduction to the evaluation of the interaction between population growth (demand) and multifamily starts (supply).

My guess is that I am looking at properties and in markets that are not that susceptible to large swings, good or bad, and the returns above illustrate that statement.

I think this discussion really illustrates how important it is to build a solid relationship with an Accountant that understands both business and real estate investing.  

If the LLC is the owner of the property and the mortgagor (borrower), none of that changes - only membership in the LLC.David J Dachtera Well, the argument the bank would make (playing devil's advocate here for a second) is that a change in ownership of an LLC may illustrate a degree of instability for the current ownership structure of the secured note.

(Totally bogus numbers, just for an illustration.)Now your syndication does a cost segregation study which produces a $2M first year bonus depreciation.