Luckily I did have a clause where the sober living company is paying all repairs and maintenance unless it is structural issues.

One of the biggest issues is probably borrower default—whether due to mismanagement, market downturns, or unforeseen circumstances, lenders can end up in long, costly recovery processes.

Any potential or existing Broadstreet investors should be aware that the SEC recently filed a lawsuit against the fund and its principals and asked the court to issue a temporary restraining order, appoint a receiver, and order an asset freeze.

Its been a wild ride though doing all this through massive inflation and supply chain issue and Covid..  

In that case, the GP, who was a cheating SOB, issued a K-1 allocating cap gains [§1231 gains] to my Client, who was a minority LP.  

But in my opinion, the biggest issue I see with folks jumping into their first "big" multifamily deal is the quality of the pro forma. 

I keep reading about all the weird financing issues in this space so I wouldn't actually put money in until mid 2025 or later.  

There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).

 My concern regarding an ongoing issue with my Stessa account.

Later on, if you decide to open a business account, you can typically switch the account for your loan payments without any issues.