b'You have to create rules for your syndicate or fund (stated in the operating agreement) regarding how much can be withdrawn and when, so that redemptions coincide with capital transactions (such as asset sales) so that you actually have the cash to do the redemption; and are not relying on future investments to pay back previous investors, as that is the hallmark of a classic Ponzi Scheme; andYou cant selectively cash out investors (unless your offering documents allow this), unless you seek member permission (for instance, to buy out a litigious investor).Multi-Asset Specified Offering This is a specified offering whose purpose is to acquire multiple real estate assets. This model works when you have multiple properties under contract at the same time that you expect to close within the next six months or so. In this case, you can create a single syndicate (i.e., pool of investors) that acquires all of them. The structure will be similar to a fund structure, but instead of raising money while you look for properties to acquire for a fund, you will be raising money to acquire a finite number of pre-identified properties.Segregated Offering This option is another hybrid that combines the benefits of a specified offering without having to draft a completely new offering package each time. For a segregated offering, you will create a series of separate offerings with a common master private placement memorandum and investment summary.Theinvestmentsummarywilldescribethecriteriaforthe 116'