I think it almost oversimplifies the process, BUT that is a big reason LPs often want to be LPs... let the experts do their thing.I wanted to add some color that could be helpful to those that are wanting to be LPs (without going full bore into how to assess syndicators).TRACK RECORD OF CLOSING SURETY WINS DEALS.  

There are much more experienced MF operators and investors on BP than I and I will be interesting to see what their response is to your question.Just to get the conversation started, here are my thoughts on some “ball park” returns on MF syndications - let’s say light value add deals.Light value add syndications that were started in 2015 probably returned LPs somewhere in the neighborhood 17% to 18% IRR.

A preferred return is a defined threshold at which cash flows go from 100% to the LPs to a split between LPs and GPs.  

On the podcast it mentioned that a government tries to stimulate the economy in 4 ways. the central bank lowering interest rates, quantitive easing, printing more money, and direct stimulus(on a personal and business level.)

Are the LPs investing a significant portion of the capital to earn this? 

They either need to do things that will stimulate housing growth (no/low interest loans to builders in certain areas; tax incentives to builders; removal of the political blocks to build; incentives to homeowners to build and rent an ADU or split their property into a duplex; promoting mixed use properties; providing funds for transitioning commercial properties into residential; etc) or they need to convince people to move elsewhere / not move to the crowded areas.

When people relocate to another city & state in mass (as we have seen since 2020), it will tell us where we can find a high demand for housing, an increase in economic stimulation, a fast paced growth in property pricing, and higher rents.According to a recent article in Forbes Magazine, the USPS change-of-address data tracks residential migration across the U.S. and below are the states with the highest number of moves. 

Eventually I would like to invest in 15-30 unit building, these are my long deep felt burning desire, it finally has come for me to make it a reality, I am now fully retired and thinking about making this side business to create extra passive income and keep my mind stimulated and not let it become stale hahaha 

Here's my situation:I have an offer to purchase one of my properties from a developer.The developer will build a new project and have a variety of LPs in his new deal.I'm interested in using some of my sales proceeds to invest in the new project.Is there a more tax efficient way of achieving that besides selling by property, paying the tax, and reinvesting the cash?

We will be the LPs in this partnership operator GP.