Hi guys, this new article came out.....Bankrupt ‘Queen of Mobile Homes’ blames fall for memory problems during creditors meeeting

I tied up a small project 16 lots ( high end lots) that If memory serves we were in contract for 550k spent 60k on entitlements and sold for 1.2 on a double close.

Linenspa makes a good one - https://www.amazon.com/Linenspa-Infused-Memory-Mattress-Topp...Plus the ever reliable Zinus Green Tea.

Was the refinancing done and capital returned in year 3?

You’re offering 3.5% return when the bank is only offering 4.5% guaranteed returns?

The Partnership LLC would need to have strong language in its Operating Agreement for asset protection as well as outlining return on capital.

Syndicators do this because most passive investors are not sophisticated enough to realize the "security" of the preferred return means they usually are giving up the potential for massive returns if the deal does well.This next comment would apply for all syndication.  

Quote from @Basit Siddiqi: I think there is a sliding scale when it comes to investing / business.If you are a 100% investor(in syndication or buying in A / B Class neighbhorhoods and using a PM Company), your returns will be on the lower end.if you incorporate some 'business activity' to the investment(Self-managing rentals, STR, rental arbitrage, etc) you may get a higher return but at a cost of putting more time.The question is is the added time worth the extra money you are getting?

The IRS only knows what tax return reports the activity of the property. 

Unleveraged significantly impacts the return from appreciation.