I'd argue a syndicate or partnership focused on notes is a better passive vehicle than directly owning notes, but that's a matter of perspective. 

Also I am no hedge fund :)here is Apartments.com recommending the practice https://www.apartments.com/ren...So how do you handle face tattoos, impolite communications, late to showing, aggressive demeanor, spends 5 minutes looking at house, trashy interior of vehicle, allows kids to roam unsupervised, attempts to negotiate deposit / rent, asks about parking Harley on porch, etc.

The remaining ~40% into industrial assets including self storage and cold storage, existing and ground up development.I would deploy the capital as soon as proper due diligence can be conducted on multiple sponsors in multiple geographic regions, the sooner the better.I would also meet with my attorney, financial advisor and CPA to discuss the proper investment vehicle to use (LLC, Trust, Individual, etc) and to review opportunities and sponsors. 

DST are too limited a vehicle for what you're proposing...they simply don't work the way you're wanting them to work. 

As an investor, you are paying to be passive and for the ability to exchange into these vehicles. 

They're investment vehicles for 1031 exchanges where an investment company operates the real estate in the trust and the investors are the trustees.

But there are many ways to do a 1031 and get that tax free cash into another investment vehicle.

Knowing this, a unique vehicle like zero coupon interests me.

I can track multiple vehicles, actual expenses, mileage, and more.

That was the era of 2 TV's, 2 stereos, and 1 AC window unit.