Hi David,(1) I don't have much to invest ($280-$350k) and would want to diversify across different properties anyway (some DSTs are diversified, and I can probably pick up three different DSTs with my proceeds);(2) no direct participation in managing properties (tired of it);(3) illiquidity is not an issue (looking for a 7-10 or longer horizon, will need some cash 8-20 years down the road to fund the kids' college);(4) prefer paper investments in general, would be able to hedge declines in the real estate market with financial instruments (have a Ph.D. in finance and a CFA designation, but a newbie to RE exchanges).

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

That's where you'll find spreadsheets designed by the community members to share. 

Partner Driven is designed to support your real estate journey with 100% financing, coaching, and covering all costs, and we want to ensure you feel confident and valued.Let's ConnectIf you’re open to it, please reach out to me directly or visit my BiggerPockets profile to see some of the deals we’ve done and the success stories from our partners.

Instead of spitting out an estimate like Airdna does, you’ll actually be able to find comps that match your property type and the design/ photos you think you can deliver.

The interior is in need of updates as well.

I like the quirky design and 50+ MPG doesn't hurt either!

However to your point, using them for only a a few loans in a policy that wasn’t designed properly, wouldn’t be worth it.Most of the people who downplay it online, don’t explain the full picture unfortunately.

Unlike traditional real estate notes is something that is easy to do from afar since you do not get access to the interior anyways so there is nothing you can physically inspect.You are correct that you will get $500-$600 a month in payments but also recognize its taxed at ordinary rates... 

But, if you need to increase your radius as I did, you will attract quality MTR leads if you buy and design with them as your target tenants (know your audience).