When I got possession, I quickly realized why he stopped bidding.

The DST real estate providers (sponsors), who possess the special expertise in managing commercial real estate, perform the functions of overall asset manager and investor relations management.

I don't think anyone brought up the issue of possession.

You want them to return legal possession of your property to you asap.

No free rent and if it comes down to paying them to leave, no cash in hand till they've fully vacated, signed a release of possession form and handed over the keys.

There is literally no limit to the things you can learn here if you spend the time and possess the initiative!

The moment they sign, they are on the hook for $12,000 paid over 1 year and you are on the hook for giving up possession rights to your property.

If the occupant is in jail it could be argued that he had no way of removing the possessions & might not have received notice of you taking possession of the property.

You're the lender, but you keep the deed (title, for a car) in your possession.

There's pros/cons to both..definitely talk to a lawyer for your personal situation and comfort level.As many have said here - your best bet might be to look into trusts (although there's some complications there as well) and taking possession as LLC will limit your lending options initially.If you're just getting started, consider taking it in your personal names and look into good insurance.