@Brandon Stelling I would recommend reaching out and connecting with various commercial brokers who specialize in each of these spaces.

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential!

What value is expected or provided by an agent who specializes in multi-family residential, not commercial. 1-4 units.

As a broker in a wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

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’d suggest you dig into the numbers, compare it to what a regular sale would give you, and talk to someone who specializes in this type of deal.

He has done his study for Georgia 31097 zip code and found for sale homes about 30% discount of the house that is listed on roofstock.

They countered and we met them in the middle at 15% under, and then negotiated an additional $15k off during inspection, so total discount was around $150k off list price/ what they paid in 2022.

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

As loans are offered on preREO at a discount, a payoff or reinstatement would typically generate a good return for the preREO investor.