If arrests are made your buddy's cleanup costs might be court ordered and collected by the court as restitution for the damage.

They would be revealed however if court proceedings ever got to that point.

so for my deals we will of course court the buyers agent and the first time or limited funds buyer.. the Investor well they are the ones that are on their own and should be..

(The tax has been deferred, not eliminated.)Some people have been know to avoid this by...Dying while still owning the last property (capital gains and depreciation recapture go away.)Moving in to the last property as their primary AFTER it no longer functions as a rental.

I attempted to file a small claims case but the local property management address was unservable and I would have needed to travel all the way to arizona to attend court.

Checking the court records and driving by these homes after they have sold nearly everyday afterwards you can see the U-Hauls and very quickly determine that it was purchased by an owner-occupant.

Getting large quick doesn't mean you can stay large.Regarding their historical returns, everything they sold was before interest rates started rising, so their claim of "$0 investment lost" may be more a function of timing than skill.I'm mostly curious about their massive 544-unit which was bought at about the worst possible time. 

I plan on submitting claim forms for properties I've sold that fall within the "Settlement Class" as defined by the US District Courts as part of the class action suits against NAR.

DSTs function as investment vehicles that hold ownership of income-generating properties, granting investors fractional ownership in various types of commercial real estate such as apartments, self-storage facilities, build-for-rent properties, and NNN (triple net lease) properties.

We don't know what the response of the court / DOJ will be.