No matter which strategy you decide to pursue, the quality of the sponsor (operator) actually carrying out the project is one of the most important factors.  

I am a new investor looking at buying my third property, second property in Philadelphia. I viewed the property and met with the current owner yesterday, and the property is in very good condition and is currently bei...

To be clear is your end goal to invest passively in multi family apartments OR be a lead sponsor/operator/ more of an active investor in the deal thats included in the general partnership.

Since I do not yet qualify to be an LP to be involved in apartment syndications, I would need to be a sponsor or general partner, is that correct?

Originally posted by @Bernard Reisz:@Josue Vargas Trade or business for purpose of sponsoring a retirement plan is a facts and circumstances analysis that can be subjective.

I have used gov-sponsored financing so far since they were previous owner occupied properties, but will move to conventional in the future until I hit the maximum!

Is there anyone in the Columbus, IN area that would like to sponsor our construction loan for us?  

"An active real estate licensee shall not accept a commission or other valuable consideration for the performance of any act herein specified, or for performing any act relating thereto, from any person, except their sponsoring or qualifying broker."

The LLC is named after the address of one of the properties, it's nothing you'd recognize, especially since you need to have a prior relationship with the sponsor and a Lifestyles PIG membership to be able to invest in it. 

The bill, HB 245 sponsored by David Schweibert, is currently in committee.