So be careful and make sure you interview the Expediter and that they have had success in obtaining the Letter of No Objection.As far as evidence that you need to gather, look up your buildings TAX Class.You will find it here: Building Information SearchHere you will see something that looks like this:NOTE that while this is a Dept of Buildings Web Portal, what I have circled in RED is the Department of FINANCE Building Classification.You may not have a CofO, but the Dept of Finance maybe taxing you as a 2 Family.

Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

There is a reason you see all these syndicators with their own podcasts, blogs, hosting and attending meetings.  

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Perhaps I should dive deeper and compare the two markets in an upcoming blog post.

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

They are posting updates to their blog here: https://learn.upright.us/real-estate-investing-blog/an-updat...Best,Dennis

All I am asking is a reference to a bank that has a good web site that will allow me to do all my online transactions and be easy to work with.

Maybe read his blogs about it.

I could explain why, but I feel that @Dave Meyer and Dan Nelson do a great job on the podcast. https://www.biggerpockets.com/blog/real-estate-1043