All the loans are in different LLCs.

But if you're running spreadsheets... it's a rental, and that's a different mortgage.

For companies it differs. 

Every builder is different.

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).

Not sure what that means, however IMO this was a complete waste of 20k, Different llcs why? 

I would use the time with current tenants to get contractors in and give me estimates on future projects I have planned for the place, then execute them once tenants move out.If there is a good contract on the tenants moving out either June 20th or July 2nd with the prior landlord, would you go forward with the June 5th closing date or move it to a different date after the current tenants leave?

So make sure you understand this before because that 5% can make a big difference in how much cash you are leaving in the deal.

Lenders will use different methods for how they get their rent # from a DSCR.

The city will make a huge difference.