It sounds like you trust your PM and he is doing what he is getting paid for.

Quote from @Kwanza Price: Thanks Chelsea for your reply.I mostly wanted to understand what the experience was like and if you have any advice for setting up an LLC/IRA?

If you are a DST investor with Crew Enterprises formerly known as Versity, and before that NB Private Capital, and have had your monthly distributions suspended I'd like to hear from you.

I could likely see many things from the TCJA being made permanent, mostly procedural items like the higher standard deduction and child tax credit (Plus eliminating exemptions).

We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents.

Fortunately, people with criminal records typically have other issues like bad credit or landlord references. 

Another factor is we both work full time jobs so it’s difficult for us to scale as quickly as we would like to but if we can take these early profits that would change things. 

I do like your eagerness though so best wishes.

Sounds like @Tom Wong & @Aaron Ward are doing it, I'd love to connect with all of you. 

I can likely do this loan, but in all fairness, with this type of loan I suspect a community bank is going to beat me out.