What are the key benefits of investing as an LP compared to direct ownership?

I'll leverage accelerated depreciation for the tax benefit in the near-term. 

When investing with them you get almost no tax benefits and usually get crappy management. 

Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development. 

Here’s a bit more information about why these could be such powerful tools for you:Financial Support: The average benefit for buyers who qualify for down payment assistance is $17,000.

Your property definitely has the potential to benefit from a cost segregation study.

However, properties ranging from $100k to $50M or more have benefited from cost segregation.

Just curious, is there any tax benefit to filing as a regular partnership and issuing k-1s to ourselves that show a loss?

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

These investments in the area are expected to create tens of thousands of new direct and indirect jobs and further accelerate population growth and housing demand.