Good afternoon -- IF I am raising funds amongst friends and family with a pre existing relationship, is a JV agreement more applicable than a syndication with both accredited and non accredited investors? 

A friend has a mixed-use multi-family property in NJ with a pre-existing non-conforming aka grandfathered commercial use, and the taxation is comparable to residential.

He did a great job and even fixed a few pre-existing gouges on the front door. 

Buying it on your own is very tough, especially with any pre-existing conditions.

Eventually I will take my own advice and buy some counsel to know for sure, but I suspect that it's a preexisting encroachment and the majority lot keeps the structure. 

If you plan raising money from accredited investors only then do a 506c deal and advertise anywhere you like.I you plan on 506b then buying a list won't do you any good as you don't have preexisting relationships with people on the list. 

You'd have to make sure you are not soliciting and have a pre-existing substantive relationship with investors prior to offering an investment opportunity. 

Have you purchased a pre-existing LIHTC complex or converting it to one?

You have to have a pre-existing business entity that intends to make money prior to starting a self-directed SoloK.

@John Woodrich Again, as per your reference,  you are confusing a counter offer nullifying a preexisting Offer as opposed to an Executed Contract.