You'd want to work with the REIT sponsor and your CPA to understand the expected timeline for this a bit more.  

I'm scared to purchase a second home but we have the funds to do so Do it!

I also provide small shampoo's and conditioners that I get in bulk from Amazon.It is hard to beat either for these kinds of supplies, even if you get a wholesaler to sell to you.

The information contained in this post is not to be relied upon.

And with a twist, that everything from day 1 is designed and built to facilitate intaking private $ into the "fund".

As to the quandary posed by the OP: The root of the issue is that it basically sucks to be an RE investor these days.

What should I look out for while writing my contracts and explaining them to customers?

The best thing this community can do is encourage your son to run far away from a subject to deal.

The 'good guys' on here can help the newbies by pointing out the very obvious trolls......Just my $0.02 I think if we have active moderators and active community to help put them back in the bag it will be fine as well.

@Noah Laker Will you be running the house or leasing it to a company.