Finally, SB 1994 gives a homeowner several remedies if a wrap lender violates the law, including the remedies in the Texas Deceptive Trade Practices Act.From the Texas Senate:"Senate Research CenterS.B. 199485R6359 CLG-FBy: Zaffirini et al.Business & Commerce4/11/2017As FiledAUTHOR'S / SPONSOR'S STATEMENT OF INTENTRecent years have seen a spike in the prevalence of a particularly insidious category of mortgage fraud involving so-called "wrap" financing, in which a seller finances the sale of a residential property that already is subject to an outstanding lien, often without notifying the buyer of the senior lien, or the existing lienholder of the sale.

Hotel Owners/Ownership Groups/Developers - Could be a single owner or a smaller firm that will generally own all of their portfolio or will be the sponsor on all deals and have significant equity.  

There are other structures where splits shift to 100% to sponsor after the pref to catch the sponsor up before the subsequent waterfall tiers and probably a thousand other structural nuances but a lot of that stuff is just either ridiculous, disingenuous, or downright designed to be confusing so that the investors can't possibly figure out how much the sponsor is getting.

The vendors / sponsors are paying the freight for the meeting rooms, food, etc to keep the Investor Meetings Cost Effective.

Fannie and Freddie are government sponsored entities, or GSE’s.

Most syndications are already leveraged by the sponsor.

Remember to vet the sponsor, track record, ask for referrals, etc.

This rule is regardless of whether or not the tenant has an injury or disability and applies to all HUD sponsored properties.

It is a passive investment model, where the general partners/sponsors/operators will do most of the job, so you can look for investment options on the markets that looks more promising for you.Credits: Chart below complied by Marcus Millichap, "2022 Multifamily National Investment Forecast Report"

(you can search this site and get a good handle on the top 4 or so you can trust) Once you identify the trusted crowdfunding platforms, you have to get comfortable with the developer/sponsor and then lastly the deal itself.