I’m very skilled at construction job costing, inspections, design, and management.

Hi David,(1) I don't have much to invest ($280-$350k) and would want to diversify across different properties anyway (some DSTs are diversified, and I can probably pick up three different DSTs with my proceeds);(2) no direct participation in managing properties (tired of it);(3) illiquidity is not an issue (looking for a 7-10 or longer horizon, will need some cash 8-20 years down the road to fund the kids' college);(4) prefer paper investments in general, would be able to hedge declines in the real estate market with financial instruments (have a Ph.D. in finance and a CFA designation, but a newbie to RE exchanges).

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

@Drew Slew If you’re not comfortable with the constraints of the 1031 don’t do it.

That's where you'll find spreadsheets designed by the community members to share. 

Partner Driven is designed to support your real estate journey with 100% financing, coaching, and covering all costs, and we want to ensure you feel confident and valued.Let's ConnectIf you’re open to it, please reach out to me directly or visit my BiggerPockets profile to see some of the deals we’ve done and the success stories from our partners.

I like the quirky design and 50+ MPG doesn't hurt either!

For those STR operators and investors that are not comfortable self managing (communication with tenants, scheduling cleaners and organizing supplies) one option is to hire a designated full/part time employee. 

However to your point, using them for only a a few loans in a policy that wasn’t designed properly, wouldn’t be worth it.Most of the people who downplay it online, don’t explain the full picture unfortunately.

Would love to connect - we've published a couple of articles recently on this exact topic - helping real estate agents get comfortable with investor topics /etc, hopefully they will help and I would also love your feedback