You are still required to send them a disposition letter detailing the charges to them and how you applied the SD. 

Hopefully after a capital event (either refi or disposition) you can build your portfolio on your own.

@Ari BachrachYou should get a K-1 next year showing you your share of partnership income for the calendar year 2021.Furthermore, you may need to calculate any gain/loss on disposition of a partnership investment.

It's a value-add deal with high projected returns (A very conservative projection of 19% IRR for a 3-5 year disposition).

Once the interest rates go up, how is this sustainable for disposition? 

You also get handed-off a few times throughout the process (disposition team, operation team, inspection team, closing team).

Has anyone out there created or have access to a detailed list of all the tasks broken down for a JV, from acquisition to disposition and everything in between.

Once you fund the opportunity, the only thing you need to do is sit back, relax, and collect payments in the form of quarterly or monthly cash flow distributions and lump-sum payouts at refinance and disposition.

.• Category 3: Net gain (to the extent taken into account in computing regular taxable income) attributable to the disposition of nonbusiness property and property other than property held in a trade or business to which the 3.8% NIIT does not apply.

If you or someone you know has experience in these type of dispositions, I would love to glean from their experiences.