The DST is losing $ due to upkeep costs (foundation, HVAC, normal repairs, etc.).

Got into the home with a low down payment , made repairs, rented and refinanced to pay off line and eliminate the PMI.

Acquisition Target: $730K-$780K; ARV: $900K; Repairs: $120K.

It doesn't cover any loss of income due to your rental being repaired.

Repairs: Add a pool ($65K).

You can get 90% of the future equity, but you do have to have a GC do all of the work for you so you cannot DIY for future repairs. 

Why someone willingly wants to work with a government agency that will slow down turnover, dictate rents and rent increases, and dictate repairs is beyond me. 

If the age of your equipment is older, or it stops functioning, those repairs can also add up.

Title VICIVIL PRACTICE AND PROCEDURE Chapter 83 LANDLORD AND TENANT View Entire Chapter 83.49 Deposit money or advance rent; duty of landlord and tenant.—(1) Whenever money is deposited or advanced by a tenant on a rental agreement as security for performance of the rental agreement or as advance rent for other than the next immediate rental period, the landlord or the landlord’s agent shall either:(a) Hold the total amount of such money in a separate non-interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants.

This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due.