If the sponsor holds a contract for more than a year for the land and completes entitlements before selling, it’s possible for LPs to get long-term capital gains treatment, as long as the sponsor isn't considered a dealer (buying and selling frequently). ..This post does not create a CPA-client relationship.

They refuse to give investors the information they ask for such as who is the loan through, what kind of state it is in, and who are the GPs, LPs, profit and loss statements.

Most Syndication LPs I have found approach investments emotionally versus from due diligence.Don't know any of the parties.Have owned 9 storage locations and developed 7 of them from ground up. 

They teach you how to raise capital from LPs while the GPs who are not required to incur debt manage the asset.

They are systematically trying to improve buyer confidence by showing tons of positive headlines on the news to stimulate the real estate market.

So when you say that you prefer the syndicator gets a fixed % of all the profits, are you suggesting you see better alignment with the GP just getting a straight split without LPs getting preferred returns?

I’m passionate about “investing in quality of life” assets and happy to connect with owners/operators, brokers, or LPs who are exploring RV parks, MHC, and outdoor-hospitality plays.

Most of my LPs would expect we are taking advantage of Bonus Depreciation, although we explicitly mention we will. 

Based on the amount of money raised, sounds like a whole lotta people didn't lol.This is the group of LPs who do no due diligence, don't read anything, sign at will, and then complain that they didn't know what was happening.

To your point, Scott, being in your listings and tweaking/changing things we've found stimulates the algorithm.