BTW, I've been trying to post this for several days (ever since the article in WaPo came out).

My question is that due to numerous unfortunate circumstances, two properties that my partner and I purchased (through a program) were underscoped, and we cannot move forward financially.

Could someone please interpret this article into transparent language.

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

We are more likely to simply reduce our asking rent than offer a concession.FWIW, I did not read the attached article.

I'm looking to buy a house in the St Pete market & have read zoning regulations, articles about STR (anything less than 30 days) and have discussed with my realtor.  

Quote from @Brandon Croucier: Quote from @Chris Seveney: They are more than a one man show - they are doing $10-12MM a year in lending (also have other parts of business) and have the people and systems in place includin g all above except the deal flow.How does one profitably run a PML company with numerous people only funding 10-12M a year?

I’ve reviewed a number of theses DST’s across numerous asset classes  and there performance /returns are generally fairly low and unimpressive. 

@Samuel Diouf, thanks for sharing that article.

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?