It makes taxes either exciting (for CPAs and a few tax nerds among investors) or maddening (for everyone else).Syndication primerI will describe a hypothetical syndication for a value-add apartment complex.

What is maddening is that most of the government employees do not seem to understand this, and could care less.  

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I just shook my head and told him it’s not old at all.

The call shook me!....

-John Madden

======================================It created a new solution when everything shook out.

Which all investors are to a certain degree. id say you are your going to waste more money in additional interest payments alone vs paying a licensed architect never mind the exponetially maddening cost of wasted time/ additional interest payments die to a work stoppage, additional labor cost to redo whatever you have to take apart to add whatever building department issue you didnt do correct the first time. 

And, after remodeling one out of 6 units, I’m glad we aren’t in the flipping business because it was a bit maddening.

I shook the broker's hand, brought a gift, we spoke and I left.