It can be extremely stressful especially while your down payment is held in escrow and you're only receiving 2nd hand updates.Do you know under which circumstances you'd be able to back out of the deal and retain your deposit?

Sadly what I have found is that the slum lords with the neglected properties get the same amount monthly as my nicer properties.

There 50 other leases in the building which clearly specify a 1 yr term then go month to month which Im sure was the intent here but the leasing manager neglected to fill out the info.One of the weirdest lease things Ive seen.

Yes, having the court impose a constructive trust on the assets is the remedy for a claim (under these circumstances) for unjust enrichment. 

From an outside viewer, I would be nervous to work with either one of you, since you are fast to go public with any grievance and the realtor has poor communication skills and has no problem blaming external circumstances for lack of a simple courtesy call.

I imagine that some DSTs are failing, but the question is how prevent that is, and what are the circumstances of those DSTs in trouble versus those that are meeting their return expectations.

Of course there could be other circumstances specific to you that change your analysis, but what you laid out is correct.

I work with them throughout Michigan to help emerging developers redevelop neglected properties in their communities.

Can I ask if you've been using a property manager and what circumstances led to the properties being mostly vacant?

Because of that, I don't believe it's necessarily accurate to paint a market picture based on inventory levels aloneIn most circumstances, these lots are still moving if priced correctly, and I can back that up as I've sold multiple of them over the past few months.