Too many rentals, too much deferred maintenance, no real budgets, not enough money in reserves.You can still get CapEx in condos....these are called "special assessments" .

I am understanding I can convert Operating Partner Units in an UPREIT to REIT shares (taxable) but the benefit is I can sell any percentage of the operating partner units, paying taxes on only that percent I sold.A friend that is a bank auditor, specializing in commercial real estate said:operating costs should total about 30%, leaving NOI 70%For us business people NOI in real estate is EBIDA (T left out as Taxes are an above the line expense)Any know, does the DST have to produce audited financial statementsSo now I feel I am better equipped to work with the RIRep and tackle the recommended PPMIf you really follow the track record of when these multi family unit being purchase and sell, average holding time is 3-4 years so you pay the premium in there and that's why how DST sponsor makes money.

At my brokerage they specialize in STR management.

Best advice is to partner with someone who specializes in investment properties in the Austin area.

There are a few special circumstances where you could have more than one FHA, but not usuallySo you can buy FHA and then later buy a 2nd property Conventional or vice versa - but your 3rd and subsequent properties could not be FHA so long as you're holding a previous one.

Get a Quit claim or Special Warranty deed from the seller to you, (Preferable a Special Warranty Deed or equivalent)5.

Hey @Jake AndronicoI know you specialize in Reno but since it’s close I thought I’d ask. 

I have been doing this for 13 years and I specialize in it. 

We specialize in affordable housing in Indiana.

Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.