I'm currently working through my credit card company since they provided email proof admitting their data is old, at least in the two states I am working in. 

I am very pleased with my NW contact though; She answers her phone every time or calls me back right away, helped me find contractors and get bids, helped me find property managers, help me understand their '212 Loans' program, so I feel like my hand is being held through the whole cycle.

The description kept mentioning a fool proof system, and then the pricing for it was exorbitant.

So, I have proof that I asked two ways three different times to show a judge, if needed.I did have a tenant call and ask for the check and accounting once about two months after he left and I explained the process again. 

Surely there are people prospering during this market cycle.

Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?   

Down the line as you clean the place up this may be something to keep an eye on if you have proof of what you are saying. 

Somehow, your ignorance of how anything works is proof that it doesn't work? 

They are effectively like any other syndication (by definition they are a syndication), but put in place a legal ownership structure to accommodate 1031 proceeds.I understand why they have higher fees than the typical syndication, given the complexity in their ownership structure compared to a "typical" syndication.At the end of the day, any return from a syndication (typical or DST) is going to be primarily driven by market cycles.  

I can start with 2-3 properties and have proof of funds and a 4-year business history in the U.S.