I was saying LPs should be targeting and probably will be targeting 20%.

Networking really is key in this business and BEC is extraordinary for both networking and content that is both stimulating and informative.  

I'll give it a go....was talking about LPs in syndications...was talking about a tax definition...needs to be very active to keep telling people about passive income.

Are you guys LPs or GPs in the deal?

Really looking for the following services (some or all):-> File taxes for properties/investments under my personal name-> Prepare K-1 for investors/LPs-> Provide back-office/CFO type functions (optional but would be great to have).Any recommendations would be much appreciated.

To answer your questions:1) My structure is 30/70 (LP/GP) (yes - it's flipped in my favor) with 6% pref or 50/50 no pref 2) I don't charge a refinance fee, (and typically I don't charge an asset management fee) nor do I buy out my LPs when I refinance.

For those experienced LPs out there who have invested in multiple syndications what is your feeling on many of the well known syndicators offering the fund model?

The lack of feedback here seems a little bizarre considering a sizable portion of the BP community must be reporting some kind of financial snapshot or portfolio performance to private investors / LPs on a regular basis.

If you go through the exercise in Excel, you'll find that Return ON Capital is usually vastly superior to the Sponsor, and the IRR to the LPs isn't much lower--at least not enough to flag the deal. 

Great question Nicole as you've stimulates so many great and varied responses which are tough to add to.I'll focus on the "WWYD" component of your question and the general principles I would follow versus giving you any more advice on what you should do.Rule #1: Don't lose the money.