Hello, I am looking for advise on the proper steps to purchase an upcoming foreclosure estate property from the executor. 

It wasn’t until he consulted with a tax advisor specializing in Section 1031 exchanges that he was able to properly navigate the process and save thousands.

Even though the returns are low on the DST's and the fees are high, one way to look at is that in order to get that 5% return with no hassle, you in essence are paying a property manager to give you that lifestyle you want.

Also make sure they have proper license and insurance and name you as additional insured for liability.

Let me guess - you never verified if they are a licensed PMC or if they have proper insurance.Do they even have a website with an Owner's & Tenant's portal?

Without proper permits, there’s a chance the city may request you to revert any non-compliant additions (like the extra bathroom) to align with code standards.When it comes to refinancing, banks tend to look closely at the property’s legal compliance.

In the scheme of Multifamily Syndication, $25K for education and mentoring is a drop in the bucket compared to the cost of doing it wrong.My wife and I had 6 SF rentals when we found Lifestyles Unlimited about a decade ago. 

Like you said, put the proper protections in place but know that you can still lose your money - unless you are in first position.

Are they good with tenant and vendor followup to ensure job has been done and properly?

@Tyler Condon, it isn't proper but people do make side deals where the parties exchange money separate of the closing but at the closing table.