It functions like an LLC that can scale (you can separate the liability of your properties within the trust,) but due to it's status as a trust it is not charged the franchise tax.An experience real estate attorney should be able to explain how the DST functions and set one up for you.

As a Veteran of 21 years, I would argue that Veteran status is not an indicator of quality.I'm also not sure what you mean by "preference" towards Veterans.

In order to show her how committed we were to her order, we have marketed her properties heavily and the results have been over the top.Now, here is the kicker, in 4 months we have sent sixty two reservations to her and in every single case she has either ignored them, declined them, or let them wither in pending status for the 1 week time period.She is one of the most irresponsible owners we have ever worked with - but she has paid and we have delivered - in spades. 

You go switch to reserve status or you could go IRR and ride that out a few more years, establish a investor career and then once you got stable income and insurance from a W2 job then opt out at that time.

The estoppel certificate requests information about rental amount, security deposits, lease terms, protected tenancy status, oral agreements with the landlord, amendments to written lease agreements, promises made by the landlord, who owns the appliances, and agreements with respect to the payment of utilities, e.g. water and gas. 

In your scenario, straight-line depreciation will be 39 years, not 27.5, due to your property's STR status.

What about the borrowers age, occupancy status, etc.

Depends on state law and what benefits you would potentially get from changing your legal status to LLC.

For any HMLs looking outside of the US:Inviting Interest From Funding Sources For Int’l Real Estate – Int’l LENDERS ONLY - no 3rd party agents or brokers need respondCurrently, I am open to funding sources for real estate-based equity loans.The loans would be corporate, non-recourse, non-status, interest only and based on 80-90% LTV.Please reply to [email protected] will need to include a copy of your license/registration as a lender and a link to a working website.

At the end of the day, you need to model going w/ the status quo vs. other options, all on an after-tax basis, and decide what works best for you also considering other factors such as current liquidity requirements.