Anyone reading this thread should make it a point to read your state's real estate contract practice book or at minimum pull a list of all C.A.R. forms from the internet and read the title of each form and pick a few to read line by line to begin understanding the contract language. 

What criteria would you be looking for in order to qualify and what are the chances of pulling this off? 

Well if you want to be respected and don't want people to feel like you are trying to pull one over on them then it's probably best that you are upfront with everyone about what you are doing.

Part of how the municipalities get you is pulling permits.

I pulled my lease from Bigger Pockets - they have state specific leases and all the addendums.

The Trustee of the REIT can buy and sell properties within the REIT without triggering a capital gain event to you as the investor, however, this flexibility also allows the operators to potentially add properties to your investment portfolio that may expose you to risks or asset classes you were previously unaware of.There are a couple of sponsors I am aware of that carve individual properties out of the REIT, into a DST, then pull them back into the REIT at a significant mark-up to the DST investor.

Lending is tough, you need to know the market you're lending in, usually you want to have an understanding of credit-risk and be able to pull credit and run background to get a better read on your borrower.

With a cash-out refinance DSCR loan, you would be pulling out about $300k out of property A, and $73k out of property B with rates in the mid 6's at the moment

We own our property in an LLC, definitely some long-term appreciation and/or development potential and have various business ventures, but nothing that's pulling in large net income....yet.  

Many people recommend buy and hold for 4-6 years there and then either 1031 or refi and pull money out.