Landlords that feel it is necessary are over controlling.

Basically instead of gifting money over time, he could buy/control an asset right away that we could all use and then gift it to us incrementally.My thought was he could fund an LLC with myself, my brother, and him as the partners in the LLC and then gift his interest over time at an amount that stays under the gift tax.

http://kuow.org/post/rent-control-illegal-seattle-...http://www.capitolhillseattle.com/2017/04/chair-of...Tenant Ownership can be a powerful tool to create, preserve and improve affordable housing.

ref=br_rsRent Control Oregon https://www.planetizen.com/node/88793/rent-control...

Animal control was called twice over a span of 2 months and our lease is very specific about being in breach by not containing her dogs.

If you want to 1031 that equity into a multifamily more local to you, in a market you are more familiar with and can maintain control over your investment, that's a different story.

Stay in control of what you are responsible for until you have developed some trust of your Team members or employees.  

That would give you much superior returns over paying a bunch of middle men, you would also then be assured that the rehab was done up to you quality standards, and finally it would hedge your investment to a large degree from any short term pricing volatility caused by a recession or other events outside of your control.

I know what you're thinking "expensive hobbies" but I found that with a little self control and some budgeting I can afford them pretty easily by sacrificing other non necessities, like cable or HBO etc, etc...

What sponsors really care about is being able to attract investors and control their deal without intervention from a marketplace.