No syndication experience but there are about a dozen quality RV/Mobile home parks on market in Oregon, several with owner carry options that can be passiv-ish with management in place.

FYI, I'm also a modular dealer so you have no idea what I messaged her about. 

That is unless you have a JV or other equity partner who is putting up the funds immediately with no lien, title insurance, etc.

The loan is non recourse, so I have no personal liability.  

No, he's not an architect, he drew all designs, floor plan, site plan, etc, and we had a structural engineer design his part, and paid an architect to sign off on them.  

No gift tax is due unless lifetime gifts exceed $13.99M.

You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow. 

No one accountant is an expert in all areas in the tax code, so best to figure out what you want first in the world of real estate and then dive deeper there. 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

The company yes, the loan officer no.