Hi All,When sourcing larger commercial deals, who are the brokers that you connect with most prominently and what markets do they operate in? 

The agreements I've seen basically say you are guaranteed nothing, you could lose all your money, you might not be paid on time or ever, you can't rely on any representation made by the GP, you have no control over the operation and other terms and disclaimers to that effect.

If an operator had debt locked in, who cares what the value is if you aren't selling.

Any feedback/suggestions are always helpful, and I think you could find it beneficial for your operations as well.

Right now, there is probably very little cash flow, after operating expenses and vacancy.

Our net operating income (NOI) margin is 54%.

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.

Good stuff to think about, thank you Sebastian.It's cool to see extra replies from time to time on this post as I continue with the ideas.It's interesting, I looked into different DSTs and had conversations but just didn't feel comfortable with what I felt was a lack of control or ability to really know the operators and properties.I also kept running the numbers and just couldn't make 1031s into other properties make sense with the new interest rates compared to what I have now. 

I would say today 40-50% of your income goes towards normal operating expenses. 50% if you want to include replacement reserves which you should.

Is it not true that when you lease your property to an LLC and have the LLC manage tenants, you create a legal barrier between yourself and the property’s operations.