Offering on a fresh listing wasn’t the best approach in this case.

This will help you to understand deal structures from the LP perspective and will give you some credibility if you raise money for others.Also, be prepared to "eat your own dog food" - invest your money in the same deal you're raising money for.

I am looking at it as a CFO perspective and not as a landlord. 

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

We want to create a fresh home without turning off potential buyers.Thanks in advance!

I would touch up the walls and make the place feel as fresh as possible for showings.

@Raymond Keith Whittington Networking and talking with everyone you can from a perspective curiosity and how you can add value for them.

I appreciate all the perspectives.

Any guidance, thoughts, perspectives would be greatly appreciated.

Regarding risk my perspective is that it is much lower than typical common equity deals in that there is a 25% cushion re valuation drop before the pref equity holders would be impacted.