Ideally, I would mimic a standard RELP and have them be LPs but I'm not sure thats an option due to the start up costs.

Hopefully his realtor can give some problem solving ideas as to how they can try to stimulate this on the market :/

I ve been looking multifamily in the area and most of the things around 5% cap There is opportunity in Fort Lauderdale, the macroeconomics and job growth is stimulating in migration from millennials who are primarily renting, which opens the door for further growth in rental rates.

LPs will also pay depreciation recapture tax (up to 25%)5.

I'm working with local and out of state LPs who have essentially given the green light to let us find and operate subinstitutional Multifamily investments that are at least a 7 cap; this is in Missouri, specifically.

Your LPs own membership interests (units) in the LLC that in turn holds title to the property.

The ones who pay property taxes and hire local workers and stimulate the local economy.Tand the South Bay that don't make it difficult to provide housing.This sort of tenant relocation out of the pockets of small business owners (housing providers) will affect the entire market and Long Beach economy... mainly negatively.https://www.lbbusinessjournal.com/

There are two programs, Personal Mentoring (GPs) and Foundations (LPs).

@Ian McDonald The principals of my firm (a fund manager), generally put about 10% of their own capital into our funds as LPs.

Real Estate has only seen one real crash in the recorded history and that was inflicted by Wall Street's subprime loan stimulated overproduction.