However, besides the initial fees, you don't take the large financial risk.

These rules are not the be-all and end-all, but they serve as useful guidelines to streamline the initial evaluation process.

I'd love to move into this full-time but not sure how to structure the initial crew, compensation and insurance.

Anyways, I passed my exam in November 23', submitted my initial application December 23' and went back and forth for almost 3 months.

Hi, I've performed a few 1031's and had to pay initial fees.

You might want to ask this specific lender, as they already made the initial loan.The construction loan is not recorded on the land? 

That will get you started with the lowest initial investment, otherwise you'll need 20-25% down.

Also, it looks like the tenant screening is from transunion(smartmove), what is the benefit of Story here (apart from the initial discount seen)?

You can try: opening the initial account under the Series LLC first, which does have a set of filed Articles.

If I decide to invest in say a SFR and for some reason none of the 3,262,000 SFR on the market can a deal be made with, I can invest my money in commercial property, real estate syndications, REITs, real estate notes, real estate note funds, money market funds, index equity stock funds, bonds, and about 10 million other investments, to obtain the ROI I seek.A benefit of making an offer good (or GREAT) for you and not worrying about what the seller wants or needs (at least in your initial offer) is that if you get a quick “no” you can move on to the next deal without wasting a month negotiating a deal that has no chance to close.