I install the Schlage BE365 model, which is a deadbolt, and use a "passage knob" for the handle.

Using the line of reasoning you have followed nothing after the "foregoing" passage is within their rights.

You have received some top-notch advice.The only part I would nitpick about is the passage above.

Only with the passage of time did it become clear that of these 52, just 19 would be built.This ambitious cohort included designs that were indeed completed, like the Waldorf-Astoria and the Empire State Building.

Getting through all the hiccups that occur during inspections and closing is a right of passage. 

Values will go up over the passage time.

The rules about excess proceeds are here:Excess Proceedsto go with the passages above.

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.

I do not want some sort of motel operation operating in my community with rotating strangers passaging through that have zero commitment to my community.   

@Steve Babiak We use a passage only set for the door knob.