A sophisticated investor is someone the issuer/sponsor (the person organizing the syndication) believes is knowledgeable and experienced with financial and business matters, but is not accredited.With the passage of the JOBS Act in 2012 and the creation of several new “crowdfunding” exemptions, non-accredited investors (i.e. everyone else) can now invest in certain syndications.

Although the interest on borrowed money is still tax-deductible even after the passage of the Tax Cuts and Jobs Act, it is not a 100% deduction.

On a positive note, Passage Peak says they can board and service the loan in its current condition.  

I found the above passage on WikipediaSomeone who forwards a list that has been forwarded to them is not a wholesaler, they are a Jackass.

From online passage:"If the property in the syndication was held for at least a year, the gain will be treated as long term capital gain subject to 15%/20% capital gains rate.

Disregarding appreciation due to time passage, the CAP rate moving from 5% to 7% is going to bring the property valuation down by ~29%, unless of course one manages to increase the NOI.

So with just the passage of a little time, those properties with zero cash flow in DC, NYC, Boston end up having cash on cash returns that far exceed Baltimore, Detroit...it just takes patience.

Rides like Seven Dwarf's Mine Train at Magic Kingdom, Slinky Dog Dash at Hollywood Studios, and Avatar's Flight of Passage at Animal Kingdom give a good indication of how many people are at each park.

The recent passage of Senate Bill 1718 by the governor sent undocumented laborers running for cover. 

The best part of the book is the diagrams and the passages explaining them.