What would be the pros and cons of an individual to invest in OZ via a Qualified Fund or by themselves (aka.

It’s a different question for each individual person.

Your cash on cash return for each individually will be much higher since you've only laid out 20% vs 100%.I could go into more detail, so let me know you have questions.

Richard,My insurance brokerage works in all 50 states and has an umbrella product it seems you're looking for. 

If it is built after a certain year they require that you put in individual meters instead.

We just understand too much about what really motivates and causes production to allow the construction industry to sit 40 years behind.Feel free to message me.

Is there a source for the following data;  I am looking for the "norm" for the expense ratio (based on either GPR or Gross Income) for individually metered garden style apartments in the south east and the mid Atlantic (Region IV) : Marketing Insurance Janitorial Service Lawn/Snow Licenses Miscellaneous Professional Fees Accounting Legal Property Management Fees Repairs and Maintenance Resident Superintendent Salaries and Wages Supplies Taxes Real Estate Personal Property Payroll Other Trash Removal Utilities Electricity Fuel Oil Gas Sewer and Water Telephone Other (whatever I missed)

As you already have figured out, the more that you learn, is the more you realize you don't know, and the more motivated you are to continue making yourself better. 

I try to be a valuable contributor to my local community, referring others to key market resources and helpful individuals. 

i would always choose multiple, and tell them all upfront your one of three upfront and first Bank to fund at the rate I expect gets my business. competition always motivates people.