Thank you.From your perspective, do renters think that these rent controls will guarantee that they will get a rent increase every year? 

They are already treated as hotels, there isn't really any risk of being regulated out.Additionally, from a demand perspective Orlando is built around tourism.  20 years from now people will still be going there for Disney/Universal/Seaworld etc. 

I would love some perspective here.  

Best of luck in Knoxville, not sure I have investors in that market that could help, but I do know a couple of agents that could provide some perspective. 

I took the cautionary advice, researched it from an unaided perspective rather than the one you’re approaching it from.

This will help you to understand deal structures from the LP perspective and will give you some credibility if you raise money for others.Also, be prepared to "eat your own dog food" - invest your money in the same deal you're raising money for.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

I am looking at it as a CFO perspective and not as a landlord. 

@Raymond Keith Whittington Networking and talking with everyone you can from a perspective curiosity and how you can add value for them.

From a tax perspective, having two members in an LLC will generally cause you to file a partnership tax return which is typically more expensive than if you were to go SMLLC route.