If the fence was in good condition the dog would not be causing any issues.

It needs new kitchen, flooring, paint, windows, and the 2 bathrooms need work as well along with a drain field on a septic system that seems to have a lot of issues I'm told. 

I was unable to find insurance that would even bind a policy with these fuses so it was a must fix issue.

An other issue is that once the contractors know that you are new in the market, they will(most of them not all)  take advantage of you 

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 have requested this issue from the lender and have not received a response.

You've rightly identified the main issue - can you make that work within the time constraints? 

Just like if there is a plumbing or electrical issue those subs come back no problem..

•The Notes will be issued in electronic form only and will not be listed on any securities exchange.

Are there any potential liability issues that may arise from this arrangement?