Now, of course we're capturing everything re: expenses, purchases, lodging income + cleaning + the cuts taken by listing services, the odd paypal charges, etc.I know that Airbnb collects and remits SOME taxes for a percentage of the STR rental, but I'm not certain it's 100% of the necessary taxes (ie does that include lodging tax, excise tax as well?)...

A properly set-up DST will both protect your assets and bypass the burdensome franchise tax that would be levied against a Series LLC.The Delaware Act expressly provides that “[n]o creditor of the beneficial owner shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory trust.” 12 Del.

Many East coast states including CT have a pretty high conveyance tax, and a lot of folks forget to account for that in their deal economics: http://www.ct.gov/drs/lib/drs/forms/1-2016/excise/...What are you using to estimate your costs?

Let them handle the wage garnishment and bank levy. 20 years is a long time for deadbeats to turn things around, get married, receive an inheritance, need to buy a home/car/etc.

I'm considering putting together a couple of commercial syndications deals in the next months and have a couple questionsIs it customary for NNN / fully stabilized deals to have a waterfall structure and what kind of fees are typically levied? 

A properly set-up DST will both protect your assets and bypass the burdensome franchise tax that would be levied against a Series LLC.

If they do, then all an owner needs to do is apply and get their excise and transient accommodations tax ids.  

Thank you for the response @Levi T. 

The guy crusading for the legalization of crack doesn't have the smokers health and well being as his motive, no,  its his bank account he's worried about.They very people airBNB is alleging to be crusading for are left hung out to dry when they are making deals with the cities exempting themselves from the fines and requesting they levy it only on airBNB users.http://www.miamiherald.com/news/business/article14...

Now, I do live in California and I know that the Franchise Tax Board does levy a hefty tax on corporations, llc's, etc.