To answer your questions:1) My structure is 30/70 (LP/GP) (yes - it's flipped in my favor) with 6% pref or 50/50 no pref 2) I don't charge a refinance fee, (and typically I don't charge an asset management fee) nor do I buy out my LPs when I refinance.

Any other way and the projected returns would typically be too low to generate much interest (it would be difficult to find LPs). 

@Sean O'DowdThis is soecific to Delaware LPs but they tend to be the most common:(a) Each limited partner has the right, subject to such reasonable standards (including standards governing what information and documents are to be furnished, at what time and location and at whose expense) as may be set forth in the partnership agreement or otherwise established by the general partners, to obtain from the general partners from time to time upon reasonable demand for any purpose reasonably related to the limited partner's interest as a limited partner:(3) A current list of the name and last known business, residence or mailing address of each partner;https://corporate.findlaw.com/corporate-governance/the-rights-of-limited-partners-and-members-to-obtain-information.html

They’re praying for 3x fed rate cuts this year, to stimulate refi’s and new buyers.

With 90% LTC initial debt it’s likely the LPs have about 20-25% of the capital stack.

This could be valuable to LPs.

Well, to be precise, the LPs are screwed and face a total loss of principal.

That being said, there is no rule that says you have to put in a share, it's just more difficult to raise money from LPs with both no track record and no skin in the game.juan

So for a fund or multiple funds that Blackstone has set up and raised LP $'s for over the past couple years to acquire large swaths of single family homes, those investors (LPs) cannot just call capital and force Blackstone to sell.

It will likely be accompanied by lower interest rates, with Feds bringing them down to stimulate growth post apocalypses, which will further increase the affordability of houses.