Structuring Small MFH Deals with Investor Equity – How Are You Handling Legal Docs?

[Taron Wright]

I'm transitioning from SFH investing to small multifamily (5–12 units) to scale more efficiently. I'm planning to use an equity model where investors receive preferred returns and a share of equity.

My priority is building a transparent, SEC-compliant brand—but attorney fees for PPMs and other docs are steep.

If you've structured similar small MFH deals, how did you handle the legal side (PPM, Operating Agreement, etc.) without breaking the bank? Open to creative, compliant alternatives too. Appreciate any feedback.