If it is the partnership then it will include all the capital contributions from the LPs and GPs but should not traverse automatically to the LP's personal taxes, per see.Disclaimer - not a tax professional, check with your tax professional.

As the Federal government became involved to "help" stimulate the economy by guaranteeing bank loans, via SBA or VA or FHA (Freddie Mac and Fannie Mae), more laws were implemented to help decrease loan risk, increase asset value and life expectancy. 

For syndication deals in multifamily, LPs can still find 18% IRR and ROI of 2x in 3-5 years. 

Don't see tenants winning anywhere (but at least the economy was stimulated, right?).

@Robert Ellis - Oftentimes buildings are zoned with ground floor retail to stimulate the growth of walkable "downtown" areas.  

@Colton Boyer What is really driving job growth and population growth in Kansas City is a highly educated workforce. (34.3% of the population has a 4 year degree or higher which is above the national average), the business incubators that are stimulating start ups and the low cost of living. 

Sophisticated LPs call these sham deals. 

Investors will be LPs in the fund.

The investors would essentially purchase my equity and come on as LPs. 

I do not wish to offend anyone, but rather stimulate discussion and hear what everyone else's opinion on the subject matter.Quick backstory on how I got here.