This is not the place to cheap out over a few hundred dollars.Lots of lenders and virtually all borrowers never read their loan documents.

Verify the purchase price, potential rental income, and operating costs to determine whether it’s truly profitable.Understand Debt: Taking on $500,000+ in debt is a serious commitment.

I have several single-family homes here locally, operating as short-term rentals and long-term rentals.

Would you be open to a quick zoom / phone call so I can ask a few more questions on how you run your operation? 

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

A base hit with virtually no risk is a fine place to start.  

I have a friend who has concrete stain in his multimillion dollar home and it looks good and is virtually indestructible.   

Test the waters with the sponsor for 3-5 years as they hold the properties in the DST, then decide if you want to align with them as a part of your long estate plan.Last (and best) recommendation: Ask your broker what the funds from operations (FFO) ratio is.

Here's a breakdown to my best knowledge  Real Estate Investment Trusts are companies that own, operate, or finance income-producing real estate.

An LLC is a smart move for individuals looking to protect themselves, grow their business in a professional light, and operate as a corporation.