My point being, work with him, get to know him, develop a relationship and show him you care about the property - also let him know you want to buy it.When you do renegotiate, one thing to definitely include in the lease if he is willing is a right of first refusal to purchase the property.

Once you have a track record and a relationship, hopefully with a portfolio lender, alternatives may be possible.

If you want to do both, go ahead and throw some debt on it and invest in both the current deal (if it checks out after readjusting your numbers) and a syndicated opportunity if you have that opportunity through established relationships. 

I'm not familiar with your market but after such a long time of being in the negative I'd consider bailing with my bag of cash to invest else where now that you're wiser and with more resources a.k.a BPGood Luck!

If you want to do both, go ahead and throw some debt on it and invest in both the current deal (if it checks out after readjusting your numbers) and a syndicated opportunity if you have that opportunity through established relationships.

Reg A allows the issuer to advertise, meaning that they could recruit investors from the general public via marketing, and the regulators want to protect unsuspecting investors from unscrupulous operators--so a limit on how much those investors can invest might protect some folks.But the Reg D 506(b) exemption prohibits advertising--meaning that it is generally thought that investors aren't cold leads from a billboard, instead they are people who might have a pre-existing relationship with the sponsor, or is friends with other investors and so on. 

Just pay the $65, fix what they ask, and build a good relationship. 

I think it really depends on the situation, the relationship and the type of people who are getting involved.

Maybe developing a good relationship with the city could help you get them to go by the spirit of the law instead of the letter of the law.

I've found the same advice applies to tenants and PMs "if you think you need to end the relationship, then you need to end the relationship".