I’ve reviewed a number of theses DST’s across numerous asset classes  and there performance /returns are generally fairly low and unimpressive. 

The gamble is that the outcome hinges upon the courts discretion and it’s rare to see specific performance unless buyer can demonstrate that monetary damages aren’t enough to make them whole.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

They gambled, and lost.

Class A apartments have numerous amenities, professional management, and sit in desirable neighborhoods.

And all properties need to be managed and supervised numerous times per year; giving residents the idea that no one is watching and/or no one cares will be a sure recipe for disaster. 

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

The investor “gave up” after numerous attempts to sell the lot or get a “refund” from the county proved unsuccessful.  

(e.g. peace w/ Israel, gambling legalization, etc.)

Known  Potential Black Swan events, numerous.