We just did our first opportunity zone deal in Columbus, and I'd be happy to help if there's anyway I can from looking at the zoning or just talking OZ stuff to see if I can help clarify some stuff for you. 

G'Day everyone,It's very unfortunate that it has come to this but I am left with no choice other than to defend my personal brand, a company that I am part owner in and to also share our side of the story.There is no point in hiding since we are being slandered behind the scenes anyway and since we did nothing wrong.The company in question that @Bobby Narinov is referring to is Oz Realty which is one of the most reputable property managers in Toledo.

I would love to build a sphere of influence that I can reach out to. 

If cash and capital gains are mixed then it gives rise to a pro rata treatment for tax benefits.For example if an investor invested $500k capital gains and $500k cash into a QOZ fund (and received stock) only 50% of the appreciation on the stock after 10 years would be tax free as only 50% of the initial investment was capital gains.The form to self-certify as an OZ fund has yet to be released by the IRS.If you have already invested cash into a QOZ for the tax benefits I would highly recommend you speak with a specialized real estate CPA who is well versed in QOZ's.

Another great example of using your sphere to find deals.

Spend you time marketing to your sphere, talking to people, going to networking group, and just generally providing value to those around you.

I have seen attorney's, CPA's, fund managers, etc. quote incorrect material on OZ's which is understandable since the topic is so new and a lot of the guidance is unclear.It will be interesting to see how QOZ's play out!

@Mark Kuster to qualify for the tax-exempt capital gain treatment in OZ's it would have to be a new build or significant renovation and capital gains would have had to been used to purchase the building through a QOZ Fund.

From my opinion, the pros and cons of each areOpportunity Zone FundPro:I can pull out cost basisAfter 10 years capital gains tax is reduced 15%Capital gains of the investment are zero after 10 yearsOnce the property is developed, I should get a regular stream of dividends until cashing out in 10 yearsCon:I may have a 2-3 year wait until the Fund generates incomeFunds are pretty much locked in for 10 yearsReturns don’t seem to be as good as a rental property 1031 ExchangePro:I can exchange into properties with better cash flow and collect monthly cash flow immediately I have a tangible property rather than a fund which can be mismanaged I believe my monthly returns will be higher than an OZ Fund Con:Capital gains (depreciation recapture) continues to buildNot as passive as an OZ Fund I’m wondering if I missed anything?

I’m just starting out in RE Multi-Fam, are there benefits in OZ’s to that end?