I have studied many types of Equity structures in a syndication scenario with various types of preferred returns, equity hurdles, and more, however I have not been able to find anything about how a sponsor can buyout the equity limited partner in a long term hold scenario.

Give there is Limitation, but it works for most of the investors. 

The federal tax law passed in December lets many pass-through entities such as partnerships and sole proprietorships deduct 20 percent of their “qualified business income,” with some limits.

Living in California, the annual assessment is limited to a ~2% annual increase, so the assessed value is not the current fair market value.Thanks!!!

I had a certain amount of money to invest and a net income target - also wanted to limit my leverage. 

B) if there are any limitations ?

My choices are limited to a few locations and I will move within the year.

Unless this is in a really nice area, my limited understanding of Kansas City is that you should be able to find higher returns.

I’ve heard that the federal government has set a limit of 10 mortagages per person.

Thats good to know and would help make withdrawals tax free during retirement.