I'd take the 'AutoCAD' approach, myself.

They stressed that while new developments are welcome, existing issues must be addressed.The meeting underscored the need for a balanced approach that tackles growth and current challenges as southeast Bakersfield progresses toward revitalization.

We also always try and use the delayed financing approach if possible as we can recycle that capital as soon as we close and sink it back into another deal. 

After all, banks require a separate EIN for each series and each series is a separate entity for all purposes.My approach is to use both the series name and the LLC’s name in the EIN application.

I would focus on putting your team together before approaching someone to sponsor a deal for you.

@Rama MulpuriFYI On a geographic simplistic approach, the closer you are to I-45 in RR and to I-35 in Pflugerville, the better you’ll be.

Determine what it would sell for on a comp-based approach as a 4 unit (they don't sell based on cap rates) and determine what it would sell for as a Cap rate 5 unit.

And then they lose that huge benefit of free tax writeoff vacations.Since you want to travel out of the country I'd maybe recommend a more passive approach like @Greg Scott said. 

This should simplify your approach and help you avoid legal issues for failure to perform under the contract.

I wouldn't think BP would want to promote  anything even approaching the question of morality.