Quote from @Paul Azad: it seems this latter structure incentivizes GP to take more risks particularly with debt options.

Another option that can potentially be free is looking for a mentor who is doing what you aspire to do in real estate and see how you can be of value to them so you can learn while helping their business.

The property required only $12,000 in renovations, presenting a low-risk, high-reward opportunity.

Feel free to reach out if any questions arise 

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

Feel free to send me a pm

If you are ever wanting to build your own short-term rental, feel free to reach out.

Hey Jerell, I would start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk.

The property required only $1,500 in minor renovations, making it a low-risk, high-reward investment.

So that means if you're living in it, you are not hacking for free, you're paying your fair share of the rent and some of your tenant's rent.