That’s the gold standard especially if you want defensible results and maximum accelerated depreciation.I’m the CEO of Engineered Tax Services, and this is exactly what our team specializes in.

Notes work when you keep it boring and defensible: buy paper you understand, secured by real collateral, at a discount that pays you even if you need extra time.

Compliance with Reg D provides the sponsor with a statutory defense against investor lawsuits.

I know an LLC is the first layer of defense and a trust can add another layer.

That’s defense!

This establishes a solid, defensible baseline income that the lender can easily underwrite.

This predictable shift fuels consistent demand for multifamily properties, making them a defensive asset during periods of economic change.💼 Stability Through Economic CyclesMultifamily properties cater to a diverse tenant base across various income levels.

Clearly the more stays,  the more defensible in an audit. 

By that it means that IF an offering complies with Reg D then (1) the SEC will not in the future determine that the offering fails to meet exemption from securities registration (2) the offering is exempt from state securities laws (but still need to file “offering notices” in those states where the offering is active (3) if sued by a disgruntled investor the sponsor has a “definitive defense” and a”statutory” defense, absence fraud.  

That would float all boats as long as we kept it out of the hands of the bankers, defense industry, drug companies, politicians and cartels. ;-)