They don’t really want votes, they wrote this e-mail to show how “good” they are and to be able to shift blame to the LPs.

It's really more fortunate than unfortunate when you think about it....a landlord invests money, that stimulates the local economy and hires contractors and their employees.

Those tax breaks existing in the first place are examples of politicians intervening to artificially change market dynamics, by stimulating investors to buy those properties more aggressively than they would in a free market. 

There are also REIA groups in nearly all major metros.Conferences: The Biggerpockets conference and/or the Best Ever Conference are two good ones that will let you meet investors of all shapes and sizes, from syndicators to LPs to direct owners in nearly all asset classes, from SFRs to Airbnbs to apartments and retail, industrial, RV parks, etc.

maybe Google just doing this like they did with Google Flights to leverage their negotiations for higher advertising dollars from VRBO/AIRBNB etc, like they did with Expedia/Hotels.com/United/Delta etc and they have no real interest in making it a discrete profit center but just a strong profit stimulant to their core advert business.buy more Google stock usually a winning formula last 20 years

The fund could essentially pay no preferred return/dividends to the LPs (Class A Members) during the holding period and then upon a Capital Transaction the GP (Class B Members) would still be entitled to receive 30% of the distributions, simply after returning the LPs initial capital contributions.

I've created a very thorough pitch deck explaining the project with pretty decent returns for LPs (20+% cash on cash returns) but seem to have exhausted the normal circles I run in and apparently I can't really expand them without running afoul of the SEC...?

Given your background in ground-up development, you've got a solid foundation.For LPs, a target IRR of 12-13% is pretty standard and attractive, especially in the current market.

It could make sense to bring in an investment partner.Another option, since it sounds like it's a handful of smaller properties, is to get a group of people together and divide and conquer the units rather than having one master portfolio with LPs and GPs.Feel free to DM me if you want to discuss strategy; I'm happy to help.

It is the most common way to achieve the returns sought by the LPs.