I would like some clarity on that.

@Tammy Patchin For additional clarity, both the 401k Plans and IRAs are BOTH subject to UBIT & UDFI.

Also, it sounds like you have the right kind of friends. lolThanks for the clarity! 

If you get really clear on your outcome such as WHY you want to own 7k units and what will it do for you and your family from a cash flow and financial freedom perspective you will be dialed in and have clarity on why you are doing what you are doing.As someone who is very active in this business, acquiring large mulit's is hard, but with a clear focus you can get to where you want to go.Ian, I wish you lots of success on your journey!!

If you take the time to gain clarity on those items, you should get a pretty good handle on what your experience is going to be like.The purpose of investing passively is to leverage the sponsor's time, expertise, and ability to source great deals, but if the experience is going to cause you to lose sleep at night, any return you might make simply will not be worth it.All the best,Jack

One way or another, we need to find clarity on this issue; because it doesn't seem right to me either.

Thank you for bringing clarity to the discussion. 

For clarity, I was one of those people in school that could never open my textbook,  but cram the night before and pass with an A on the final exam. 

Didn't know what you had meant with J.V. but just looked up joint ventures and this actually brings some clarity to what you just said.

Help me get further clarity.