Your background in construction and recent move into consulting sound like valuable assets for the community.

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

The property remains a valuable asset in my portfolio, delivering strong returns while requiring minimal ongoing investment.

Generally speaking though, this asset class can be argued to be one other most management-intensive. 

Additionally, the property’s location and its rarity as a townhouse in Uptown Charlotte further increased its value and demand, solidifying its place as a high-performing asset in my portfolio.

Additionally, the property’s location and its rarity as a townhouse in Uptown Charlotte further increased its value and demand, solidifying its place as a high-performing asset in my portfolio.

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

I’d love to see their REIT financials to compare against the other public REITs that have a 721 program.Their fee is way less than 721's commercial Jon and they are the only 721 with SF as asset class, other 721's are CRE based as you may already now.Having said that, their NAV would be better than 721's commercials..... in theory ;-) the annual fee is also 1% less than CRE.Do you have their Q4 statement?

I’m currently selling an asset in another state and completing my first 1031 exchange.

It was an awesome property that would be 8 digits in Southern CA if you could even find such a property.