When you have a big cost segregation depreciation plus your big startup expenses such as furniture and supplies, and you then have a big tax deduction against your big W-2 income because your passive losses are no longer limited with your big material participation, it increases your audit risk a ton.

Any real estate ventures would be things I consider fun where I can participate in some fashion without doing the bulk of the work and I would derive some autonomy, mastery, and purpose goals from.  

There is no right answer of course, just wondering how today’s participants in real estate view this transaction.  

Look for other things you might be interested in that other investors participate because they have other interests.

Why would you give them any participation unless they did something other GC or realtor cant do which is doubtful in the bay area.. 

Not only does he review syndications that are new, but also based on what I read seems to have inside knowledge and unbiased opinion on should people participate in capital calls. 

Many banks and credit unions are participating in a mortgage relief program which requires a moratorium on new foreclosures through July 30th, along with 90-day grace periods (only residential properties).

Hi David,(1) I don't have much to invest ($280-$350k) and would want to diversify across different properties anyway (some DSTs are diversified, and I can probably pick up three different DSTs with my proceeds);(2) no direct participation in managing properties (tired of it);(3) illiquidity is not an issue (looking for a 7-10 or longer horizon, will need some cash 8-20 years down the road to fund the kids' college);(4) prefer paper investments in general, would be able to hedge declines in the real estate market with financial instruments (have a Ph.D. in finance and a CFA designation, but a newbie to RE exchanges).

I'm proud of you, and keep us posted on your journey! 

Mike, I participated in Partner Driven and ended up cancelling my "partnership" with them.