https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

There is a reason you see all these syndicators with their own podcasts, blogs, hosting and attending meetings.  

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

I could explain why, but I feel that @Dave Meyer and Dan Nelson do a great job on the podcast. https://www.biggerpockets.com/blog/real-estate-1043

Here is an article that discusses it somewhat. https://www.parealtors.org/blog/appraisal-changes-coming-for...So, some finished spaces are not not counted as part of the GLA based on a standard, which is fine.

Maybe read his blogs about it.

They are posting updates to their blog here: https://learn.upright.us/real-estate-investing-blog/an-updat...Best,Dennis

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

The forums are full of self-managing landlords who make little mistakes that turn into big mistakes that cost them years of cash flow (or more).If you want to be a DIY landlord, I recommend books, blogs, classes, or other resources to educate yourself quickly.