On paper returns, look excellent but when you put it into practice, you don't seem to get the same kinds of returns. 

The property was leased for $2,150 per month.Refinance and Return on InvestmentAfter a stabilization period of 6 months, the property was refinanced to leverage the increased value created through renovations.

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

$500k would be enough to go out and buy something else leveraged that would potentially get you a better return.

I’ve reviewed a number of theses DST’s across numerous asset classes  and there performance /returns are generally fairly low and unimpressive. 

Even in HCOL areas, adding an ADU typically does not make sense because developing a single small unit is the most expensive residential development that exists.Adding an ADU is a lot of work (probably more than a brrrr but with worse return), has poor financing options, typically adds less value than the cost of the addition, and detracts something from the primary structure even if it is just yard and privacy.Good luck 

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

We would love to meet for coffee at your convenience after we both return from the mainland.We will keep the investors club in mind - but on Saturday mornings at 8 am at this time of year we call our son in Prague so we can talk with him and his family.

Many syndications offer an 8-10% return on investment.  

After that, they have returned 2 more times and I assume they are going to do their best to be allowed to get in the property.