I'll also assume your 35k net operating income number is solid.Easiest way would be to self finance the rehab, then get a commercial mortgage on the finished property.

My family has a family farm consisting of 3 parcels of land. 2 parcels are owned free and clear.

The issue imo with DSTs is that you’re buying into a market where a lot of commercial RE is presently priced high, and some is going down in value too.You should do a thorough analysis of the tax impact. 1- definitely try to time sales into two separate tax years2- I’m unclear why you expect 30% cap gain hit.

I think first off what kind of money is involved here..  1 acre prime commercial worth 500k or 1 acre of high AZ desert worth 10k..

@Edward Lui management is free I use my iPhone.

I just attended their "free" Funding Tour in Seattle.

I have some uncles that are commercial real estate investors and could possibly privately fund the deal.

We've got a national bank, a local credit union, and a direct-to commercial mortgage backed security.

They also run the risks of high levels of regulatory pressure and litigation by virtue of their renting to legal wards who have access to free lawyers and zealous bureaucrats who see independent investors as a crop to be harvested.

Start with BiggerPockets Ultimate Beginners Guide (free).