I feel like I've heard a few podcasts lately with guests that have done this strategy, unfortunately I don't remember their names.

Lending money at 9% seems a bit riskier than making 10% ROE on a property you have owned for 5 years and know well at this point.

if your doing a senior project I would suspect your best and most cost effective landing solution is going to be a local community bank that loves real estate.. in my experience most will want 50% down on the dirt and a ton of experience and a really strong balance sheet.Myself I always pay cash for the dirt this makes finding a lending partner much easier.

If you can do this, that would be best!

(A partnership tax return is due March 15th, so in this instance, the partnership return will need to be extended).2.

We've already taken a few online courses and read some books, so we're getting our head around the multi-family syndication business.

Leverage in an IRA will produce Unrelated Debt Financed Income (UDFI), subject to Unrelated Business Income Tax (UBIT).There are plenty of investment options to deploy your IRA funds, but again, using your IRA in connection with this transaction will disqualify your IRA. 

I've been watching you do this for ten years.

The chances of this happening are very small and it would burden the team and owners more than its worth. 

Would love to have conversations with others who have had dealings with this court.