So I am taking it that the main issue is the front-end load for a Delaware Statutory Trust meant to defray capital gains taxes before the time runs out? 

The main difference between C and A is basically the return on that 14.5k is around 10% if just leave it as equity, I've yet to do a deal that doesn't double that. 

The one main difference that I see is that the most experienced sponsors have a very enthusiastic investor base that they have accumulated over many years.

Let me ratchet down a little on my main question. 

It will be hard for you get a fee on top of the main sponsor fee.

I'm going to continue to look into Huntsville mainly because of my personal contact there.

Single and small multi both have their merits- i prefer small multi :)Also, here's a section of a post I just made on another thread about a more detailed method of cap-ex calculation:Truly, the best method for the over analytical, is to segregate the cost of replacement vs. remaining lifespan of each component of the property & find out how much need be budgeted yearly until replacement of that component comes due.

My main question seems to be what is my best option?

It says they hold the power to require occupants be member safe of a single housekeeping unit... so that’s my main concern.

The residents have to go to school mainly in Taylor or Dearborn Heights.