Reward: Assess whether the uncertainty surrounding the current occupants, title clarity, and liens aligns with your risk tolerance.

Work with an attorney to ensure that your interests are protected, and that the agreement aligns with your long-term goals.

Whatever approach aligns with your goals, I would hook up with a solid team focused on that investment strategy with the experience behind them—no need to pay your dues if someone else has and you can learn from them. 

This is our first multifamily project and we have aligned ourselves with the talent and knowledge to help bring this to life. 

Police had left by then so not a great experience to say the least.

Keep watching the market and align yourself with people who are actively buying, they will have their fingers on the pulse of what is going on. 

Let the DST pay the Registered Rep the upfront 5 or 6%, but be sure you are aligning with a rep that truly cares about your business and follows the investment and keeps you informed through its life.

That said, we’ve been able to help investors secure creative financing solutions that work for this model.If you decide to move forward, just make sure your financing strategy aligns with your long-term goals, and the properties are good fits for Padsplits model.  

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

Before getting started, I’d recommend focusing on three key areas:Strategy Selection – Understand the different investment strategies (BRRRR, short-term rentals, etc.) and determine which aligns best with your goals.Market Research – Study the market you want to invest in, including property values, rental demand, and economic trends.Laying the Foundation – Take proactive steps now that will set you up for success later.