The participants should contact a knowledgable insurance agency specializing in investment real estate.The only person or entity needing to execute documents for a future refinance or sale is the buyer.  

Meet with real estate agents?

For 5+, it's mostly agents/brokers who have those deals.

That sounds really familiar to a few investors we've worked with recently here, do you have an agent already as well? 

They specialize in getting the most out of real estate investing. 

Why not talk to a local agent or 5 and see what they think?

See my video on this for more info.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hey Ian, since you're not an active agent I would connect with some local investor-friendly agents in your market.

Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

i specialize in house hacking since 2024. i'm gonna house hack my way to the top!