I'm not currently encouraging investors to do unincorporated JeffCo for that reason - they've become more strict/unfriendly over time.

On the tax side, I would encourage you to partner with a knowledgeable real estate CPA who can guide you through the transaction to ensure you can meet the qualifications of the STR loophole.

In fact if you disagree with some of these comments, I would highly encourage you to reply to them with your own experiences and opinions as well. 

I'd encourage you to evaluate the REIT first, then the DST second.

Two things I would encourage you to ask yourself & ponder (essentially count the cost): 1.

My own realtor said that 2020 was the most lucrative year of her career and that nearly all the people buying houses in Waco are people who are fleeing California, New York, and Oregon, moving to Texas in hopes of living in a free and functional society again.

When they finally move out, you'll discover a ton of unreported maintenance and possibly damage caused by failure to maintain.Landlords should encourage tenants to report maintenance issues.

I would really encourage you to talk to your CPA to ensure you meet material participation tests and are adequately documented.

I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

I'd encourage using it to fund a fix and flip or BRRRR.