Originally posted by @Brian Winberry:Regarding not seeing a program worth 5 figures could be a subjective response though....I have seen one, or two out of all the ones we have showed up for out of curiosity in the real estate arena in general....In my opinion (and just my opinion), the expected value of a typical deal, the length (in terms of time) of the deal and the likelihood I'd actually complete deals after the seminar are three big factors in what's a reasonable price for education.For example, I could never justify spending $20K to learn how to make money on things that cost $50 to sell and the average transaction time period is one day.

Subject to zoning I see self storage, parking, tow lot, semi parking, etc.  

There used to be some landlord seminars for Dallas Housing Authority ever so often, so that might be a good place to ask if they are still doing those.One thing to think about is if Section8 might be subject to the DOGE cuts?

I recognize that this a very subjective statement. 

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

I hope everyone scammed here is able to recover at least some money; however the subject “guru” appears to be quite adept at dodging responsibility and consequences.  

While it can be beneficial for spreading tax liability and estate planning, DSTs are complex, costly, and subject to IRS scrutiny, requiring precise implementation.

And he can purchase the property himself from the defaulting borrower, or purchase a (majority) ownership in the subject property.  

I got opposing opinions on below and wanted to get what others know (or do) on the subject.

One more I can add is the note investor who thought that holding the note gave him the right to determine how the subject property was managed, with approval of tenants, leases, and maintenance contracts.