(taxes would be extreme, especially for the properties held since 2000's.)

My dream is to achieve financial freedom through multifamily rental properties and live life on my own terms.Recently, I have been reading one book after another, trying to absorb as much information as possible, and am extremely thankful to finally find this amazing community.

The 1031 exchange was done as a group irrespective of, and including the SDIRA status, as a tenant-in-common. 

Is it common for developers to use subsidies to cover 100% of the construction costs without needing to obtaining debt or raising equity?

Or, what’s something you don’t hear discussed often that could help me avoid common pitfalls?

Starting out, it’s common for new investors to own rentals personally to access better loan terms.You will most likely have to buy it in your personal name and move to LLC later.This post does not create a CPA-Client relationship.

With the caveat that I'm much more familiar with traditional private equity funds than real estate investment funds, I would caution that the returns waterfall is extremely favorable for the GP.

Feel free to reach out though if you have specific questions, it is fairly common!

The process of buying, getting a loan and settling to closing was extremely smooth.

We were extremely hard pressed to find a painter to do this which is why I said I could do it.