I know you are already active in the the Chicago real estate game so excited to see you jump in here as well.If there is any way I can help, please let me know!

However, PS is more established and we are focusing on 4/2 SFH (no land lease and under city caps). 

Like many (most) businesses it requires an investment of capital; money expenditure for ongoing marketing; management of operating, marketing and professional personnel; keeping accounting records and filing tax returns; established sales practices; constant monitoring of goals, budgets, and productivity; establishment and implementation of operational systems; and providing customer service.  

That's just the name of the game, right? 

Coupled with Louisville’s vibrant cultural scene, which includes the Kentucky Derby, the Muhammad Ali Center, and a burgeoning culinary landscape, it’s no wonder the area continues to attract both new residents and tourists alike.Tax Advantages: A Game-Changer for BusinessesAs if these economic drivers weren’t enough, Kentucky has recently made a bold move by eliminating income tax.

@John N Cook any insights into how the C-corp valuation is established in order to justify the stock purchase via the ROBS 401k account, assuming the c-corp has no assets or revenue on the books - how does one justify the investment in an audit?

Hey @Raymond Pritchett - Awesome to hear that you are jumping into the Chicago wholesale game....why did you start with wholesaling and what are you using to generate leads?

I have been in the Real Estate game for over 20+ years as a licensed professional. 

Banks want you to have "Skin in the game" in other words they want you to have your own money at risk.That said just because you can do a deal with 100% financing does not mean it is a good deal.

It sounds like in your situation, the "DST" just layered in additional fees to process a 1031 exchange.The syndication game is rigged for the sponsor - and in some ways, it should be.