Are you only allowed to work for your employer/sponsor?

Some people have had success purchasing a house as a residence utilizing one of the Government sponsored or Fannie Mae sponsored low down payment program and lived in the house for the prescribed minimum amount of time at which point they moved out and kept it as a rental.  

I think I am gathering here from the responses that we are safe to say as a GP we own the property as are the other sponsor, but for additional clarity, disclosing shares in some cases may help bolster tacit understanding of who does how much of what.

@Nicholas AiolaIf you invest with a sponsor as a passive investor and the sponsor files a composite return how much easier does that make it from the CPA's perspective vs. say investing in a C-corp or a REIT. 

I'm just recently hearing about them and interested how to find a good sponsor/general partner.Thanks

He speaks about doing this through syndication operation such as acting as the underwriter/sponsor/manager of anything from multifamily, land, buying businesses, self storage or anything that will make you money for that matter.

Or go to a conference sponsored by one of the organizations that does them (PitBull has one in AZ coming up next week), if you want to learn about the lending world. 

I have done a fair bit of research/sniffing around but it seems this term varies market to market.I took it to understand the equity split on the sponsor side let's say 80/20... the 20 being "the promote" for the sponsor?

Some questions I have would be general LLC/LP structure as well as any licensing and credentials that sponsors/fund managers would need.

Quote from @Michael Ancona: Research all the it's and out's of DSTs before purchase Yes and I highlight the potential risks here. https://www.biggerpockets.com/member-blogs/7993/73161-what-a...In my firm, we underwrite the Sponsor as a company in addition to their individual offerings.