Hey there, I'm a Florida commerical real estate agent and have been officially working in real estate for a few years now.
I worked in property management for a bit when I was barely 16.
Many investors and institu...

@Chris Seveney @Justin Moy Is there anyway LPs and KPs could take more control over the situation?

:-)Completion guarantee secured by bonds are 99% off the time a requirement for LPs and lenders in the US, but the end buyer is not covered directlyIn Europe developers must often deliver a completion guarantee to the buyer if the property is pre sold as payments are made in installments along the construction process.

LLCs, LPs, etc).

I am also very interested in developing a syndication/fund in the future, and feel like this will only help any credibility to future LPs/GCs/etc.Does anyone have advice/thoughts/opinions on best way to go about this and if getting licensed is worth it?

I am realizing this information is privileged, I guess I will have to find this information by other means.Being that operators on the ownership side share the intricacies of their pro forma or fund with LPs, why wouldn't debt sponsors share?

In In addition to cash flow and appreciation, LPs can also benefit from tax advantages such as depreciation and 1031 exchanges. 

Some of my friends and I want to invest in a multifamily as LPs.

However you can structure them if you have Limited Partners (LPs) that just provide capital so that those LPs do not need to have their credit pulled or sign a personal guarantee.

:)  the wipe out recapture you mention would sure be a bummer for LPs