The time is on your side unless the seller is planning to not sell the property since now he knows that he needs to find a cash buyer to sell the property at the asking price. 

I spent my first 6 years in the financial planning industry working for a firm that had previously sold a lot of privately held REITS that went south.

Im only thinking about doing this because I think he wants at least 400k.Does that sound like a smart plan?

I was planning to establish a single member LLC (my third) to represent this new venture.

With careful planning and consistent effort, you can create a portfolio that aligns with your long-term goals.Good luck!

If I find a property in the Denver area, I plan to house hack although Denver's price point is a hurdle for me so I'm leaning towards long-distance opportunities.   

According to him, some of the DST operators/brokers work together to sell off DST assets much sooner than planned.

And also, know everything about operating real estate, if you really want to know the risks: business plan, financing structures, ability to execute, market research to vet their underwriting assumptions, how fees can influence investment decisions...3.

It became your strategic advantage.The Moral of the Story:Sometimes in tax planning, what looks like a lemon can make premium lemonade.

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.