Now you just need to run this same play about 10 more times! 

As much as I want to say yes partnering up for steep local discounts is a safer play

It's a nice benefit while you live there, but it shouldn't be the deciding factor in what you do next...it can play a part in the discussion, but the much greater benefit is your ability to sell tax free on your personal residence with a 121 exclusion. 

But pref is really best as an option of last resort because the current pay makes the problems worse, and pushing back the LPs to a subordinate position isn’t ideal.There are a multitude of variations on these examples that shift the decision.

Look more as a retirement play .

The other reason is that tax assessors may use different methodologies to value the property including revenue potential.The key items that play a role in the valuation of commercial real estate property include:Property Type: A storefront is for example taxed differently than an office building.Location: Rural regions tend to be taxed at a lower rate than urban regions.Government Spending: When there are different funding needs, it can determine how much of that revenue comes from taxes.Market Shift: When the market shifts, property values change which can lead to a change in the assessed value.Let’s talk a bit more in depth about how the commercial property values are determined.

Personally, I am ahead and real estate investing played a significant role in getting me there.

U can play the game with them if you like.. but send no money up front and do not send in your real SSI # or real Bank info..

This gets complicated and is not a DIY project.And, depending on the specifics, various other limitations can come into play.

The key is to build a well-rounded team where each member plays to their strengths and works together seamlessly to identify, analyze, acquire, operate, and raise capital for profitable multifamily investments.ConclusionMultifamily syndication is a team sport, and the most successful syndicators understand the importance of building a diverse and complementary team.