The reasoning, as I remember, was some combination of 1031 exchange, increasing ROE, and leverage.Does anyone have a good resource or explanation summarizing the logic?

@Natalie Bender, great explanation of DSTs. 

I have been investing for 24 years and have been through numerous major economic challenges.

The challenges are too numerous to outline here, a person could literally write a book.

They'll have numerous articles and contacts highlighted monthly that will give you an education in itself over time.

The impression that I got is a pragmatic explanation of the situation.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

Leaving aside if the JV is the best way to fund and assuming its not a scam than the fee is probably a very wise business move because a large percentage of the deals you see are from people who are delusional or are not taking numerous things into account (delays, closing cost, wrong comps, time, etc.).

Thank you , Great explanation, gives me confidence.`