Could someone summarize what it is and what the impacts could be?

@Jeff SkinnerRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

They bought them years ago and now have thought about selling due to market conditions being favorable, or maybe something has come up that is forcing them to sell. 

The shorter the prepayment term has an impact on increasing the rate.4.

@Dave AllenRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This is my way of not being forced to rent to the first qualifying party that gets a toe in the door.

How have you seen local ordinances or restrictions impact these projects?

There are a few markets in the US where you are forced to look outside like LA, SF, NYC, Boston etc, but even for Chicago investors it does not make sense to invest in Milwaukee due to the added cost and complexity

Forced Apperception (BRRRR or buying at a discount) is also a hedge against corrections.

@Ram Gonzales IMO, the funding of such a structure is probably better directed towards "social impact" or "community development" investors.