Can I ask what your favorite part is so far? 

If you're 50/50 on whether to do it, I would encourage you to self-manage your first few rentals and then when it becomes too much of a time commitment turn it over to 3rd party management.

I feel like I'm too late to the party on this one. 72 Park is in pre-construction phase.  

They boast a robust portfolio management suite with some fancy bells and whistles, but they're using independent third party contractors to scale on the ground.

I'm not familiar with how European real estate transactions work but personally know I would feel a lot better if there was a third party involved holding the money

So, of course its a red flag to anyone who does not know the parties involved.

I like these amongst ,many other right nowREXR - (Rexford) they are a niche (sub-specialist) in industrial warehouse/distribution/manufacturing in the southern California only urban or Infil area, they are not international like PLD - prologis, their MOAT is that SO-Cal has geographic limitation to new inventory, so they have rent pricing power that industrial in rest of country doesn't, also 26 million people in so-Cal and the 2 busiest Ports in country, their earning/revenue projections next few years are best in class, and they are cheaper on price to book than PLD or others, I own some and will buy a lot more in upcoming Recession, likely in next 6-12 months, when publicly traded equities will likely slide by 20-30% although their assets (physical buildings) are only going up in valueVICI- (casino REIT), used to be part of Cesars palace, then Caesars spun them out in 2018, to do sale leasebacks of their properties to take all that physical capex off the books.

Funny how it's always the other party who is greedy, never the person in the mirror.

As a financial advisor if you were providing recommendations, I would make sure the sponsor has some type of Due Diligence report from Factright or Mick Law or another third party firm. 

I've never heard any of them using 3rd party software to tell them where and when to bid.Somehow I doubt these national trainers actually teach you enough and are experts enough to make using their software easy.