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.

Many months of costly vacancy, local market rent & resale deteriation, special assessments, property taxes and maintanance fees suggest a quick sale would have been the wise thing to do 2 years ago.

Hey Alex,We specialize in working with foreign nationals and offer loan programs that don’t require US citizenship. 

You don't know, what you don't know.Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.

Consult Real Estate Attorneys: Attorneys specializing in real estate often have connections with private lenders and can provide referrals based on your specific needs.Engage Mortgage Brokers: These professionals have access to a variety of lending sources and can help identify financing options that align with your objectives.Local Banks and Credit Unions: Establishing relationships with local financial institutions can lead to personalized financing solutions and potential leverage opportunities.By focusing on these qualities and avenues, you can find a business broker and financing options that align with your goals. 

Hopefully this helps....You need an attorney that specializes in SEC regulations to create your PPM. 

Thanks,  I couldn’t tell you specially if that’s too high or not.

Research Reviews:While you mentioned not finding much online, try checking specialized real estate forums, Google reviews, or social media groups.

- We recommend 5% after 30 days (or sooner).7) What MoveIn Specials has your PMC discussed with you?

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" .