Good for me and good for them since I keep them under market rent by $200 on average.

I am a high-wealth earner with years of employment ahead for me, so I will not feel the weight of this loss other than shame on me for not appreciating this risk better before committing.

I mean, you can do illegal things in any form of real estate investing.

I have never cold called or found off market deals so wholesale will be a challenge for me but lets connect if you can offer advice on the topic.

Values drop, sometimes drastically, rents go down as quality of tenant declines; cost of operstimg properties increase, and governmental interference, especially in the form of rent control, can slash values and profitability severely. 

There can be a tax implication in one form or another.

However, I have attempting to understand the full value of this for some time now having found myself investing in rental property with purpose and getting started educated on how I can make the money I invest work for me better.I read your post a few times, it all made sense, but I lose context on this paragraph, where you mention you take out the 80 +30k (this is invested for 30k as downpayment, and the 80k after the closing (of your own money))?

"DMM has worked great for me",  What exactly do you mean by " it works for me" and what do you mean by "it works great".

As my first project I would like to purchase the property out of the trust, maybe move into my newly formed LLC, and convert to a 2 family.

They sent me their seller intake form with a list of properties that are being sold and a form for the new investors.