Once the project is approved, you'd invest in it and, in return, receive tax credits that can be used to offset your income tax liability.Now, it's important to note that these tax credits are allocated to each state based on their population, and then distributed by state agencies through a competitive application process.

If you analyze risks (=issues) of a 1,000 unit portfolio they will follow probably a gauss distribution, showing that very few had bigger issues (for example the house burnt down, insurance pays) and the majority did not, but on a sample size of one the outcome is totally random.

All that is going to be used against them if things turtle up IE a water landing I think as Chris has stated as some of the high profile syndicators are having some issues but keep posting about their lifestyles I would personally not be doing that It just pisses off investors who are not getting their distributions or there are Cash calls right ??

However, I would say that risk is not distributed evenly among all of Baltimore.

Amazon is building distribution centers near the air port, also in that area is P&G and Energizer. 

O has grown it's div. distribution since Jesus was a pup, just like real estate.

.- I can't offer direct seller financing without going through a mortgage servicing company, which I assume does an in-depth screening (underwriting) to ensure that the buyer is 'qualified' for this financing arrangement -and- collects the monthly payments from the buyer and then distributes the 'mortgage payments' to me.

(most of my income will derive from the project).

I also hold a masters plumbing license from Massachusetts, and a national fuel gas code masters license NFPA 54 and 58 to install and maintain gas and propane distribution systems in both commercial and residential.

I point this out because too many developers are overly generous at discounting the value they add.Even if it means the distribution waterfall is less favorable, these fees allow you to hire people to help scale your real estate investment business.