Hi @Guy Idan, like others in this tread said, is important that you "vet" the Syndicator (aka sponsor) - every component of the syndication is important (the property location and the local economic drivers, property class, the loan type, property management company, the sponsor, etc.) but I would say this is more as a bet on the jockey than on the horse.

Here's a case study on a 6-unit apartment building that shows just how much you can save by breaking down your property into its components for faster depreciation.

Meanwhile hardly any emphasis is placed on the loan administration and even more importantly the relationship component of lending.Far too many investors, particularly those just starting out, are being conditioned to seek out the “easy” lending choice rather than invest time and energy required to cultivate meaningful relationships with lenders who truly value the borrower/lender relationship and are interested in assisting you grow.

It appears you are focused solely on the financial components of the project without understanding the insurance and liability factors of self-performing the project in the manner in which you propose.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I just wrote him back and said hey we get into contract I can run some of this stuff down but not going to spend hours figuring out all the fine details on all the components of a new build ..

I think assumptions are easy to make due to this being all text, but my mind is absolutely not made up which is why I am posting. i raised the concerns with my sponsors around the high IRR and fees and other points you all made and she countered with the air bnb component being the reason.

Built-in Roth components, spousal contributions, and an additional tax exemption also apply to the Solo 401k.

Depreciation is finite- with each component you accellerate, you will empty the bucket for future depreciation of that component. 

And don't forget the other component of real estate investing you lose in an exit - depreciation.