My suspicion is, the dead guy won't bother to redeem the property.My main concern is environmental contamination.

I expect if the stock market truly crashed long term the government would bail out 401Ks before STR investors based on the government's previous actions.

I didn't do a full IRR analysis at the time, but it probably didn't beat the stock bull run.

Using your dates for context in 2018 I wouldn't have been able to build $550,000 condos in the neighborhood but the existing housing stock continued to appreciate and reached a point where it finally made sense to build ground up condos at that price point.

I'm actually considering a refi on all my notes under my personal name, this way other big ticket items such as my personal residence, stocks, etc. that are held under my name along with my wife's can't be touched in the unfortunate event something happens rental property related and someone comes after just me.

My thought is yes because that was time spent renovating the property to prepare it to be rented. 2) Do hours logged include time spent driving to the property to perform renovations and re-stock supplies?

It is not bad, you just have to filter out the stupid stuff like "retail is dead" and "any other syndication is stealing your money" He says he has a large percentage invested in every deal but if I am reading the PPM right then he has exactly 0% invested once it is fully funded.

Unfortunately, Real Estate is not like Stocks where you can buy it, set it and forget it.

I expect heads may be exploding when they read he has 25 paid off properties with dead equity but I like it.  

They are dead weight.