Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

Not my point tho, I say that to say when you've got a CEO like that who's dialed in about what's being said about his company, or what's being promoted about his company that means he's locked in 24/7.

It might make more sense to just keep the rate, rent it out, save $30-35k, increase your income through a promotion or find another field and work for 2 years or more,  and buy another primary with a conventional loan. 

If you were you promoting your services to our members, the site will auto-ban you, too.It appears that your ban has been lifted.

They try to get investors to focus on the ROI numbers they promote, not comparable sales.

Fortunately for them,  social media is an enormous and inexpensive stage to promote their nonsense.

The number one thing you need to underwrite against is fraud and misrepresentations by the promoters.

I don't want to violate any of the self-promotion rules on this thread by specifically linking or name-dropping, but it's from a data analytics platform I am working on specifically built for tracking construction, debt, and ownership activity in the Philadelphia region.I will be posting more detailed insights soon. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Section 8: All the S8 “gurus” promote putting S8 tenants into this Class of cheap properties to “get rich”.

This is why a lot of syndications also fail - they raised a lot of money because the promoter was a great marketer but awful manager.2.