Buyer of note does not do proper due diligence and finds they need something resigned from an owner of the note down the line and think the person they bought it from needs to get that document for them.3.

I don’t think arbitrage is worth it - it’s kind of like the baby step into STRs that hook people into taking all the risk and doing all the work and missing out on 2 of the 3 reasons to invest in real estate: tax benefits and appreciation.much much better to buy and own your own STRs.  

You will have income (rent), but then you'll have expenses: taxes, insurance, repairs, turnaround cleanup, eviction/attorney costs, vacancy factor etc.

Would a DST work to defer taxes on ordinary income from say flipping properties and using the trust to invest in more properties?

In any case, it's generally more affordable than NJ especially when it comes to property tax so I don't think you're off-base looking in that area.

. - the appraised value is super low, if you get what you are looking for, I would expect those taxes being significantly higher putting more pressure on the cap rate- it’s a beautiful, unique property.

Sometimes you're better off just selling, taking your tax-free gains and going from there. 

Prop tax ranges from 2.5% in fate to 2.16% in Rockwall city. 2.16% is some of the lowest you'll find in DFW. 

We don't want a video walkthrough accessible via a public channel due to security reasons, but if the person seems legit may grant one privately.

They find housing on own that can be covered by insurance if home uninhabitable and it is due to covered loss.