I am favouring DST because their financing model is long term fixed debt with REIT quality operator, however don't expect 10-15% in the future LOLYou would be crazy to re-invest at syndication in 2024 ; but DST is safe enough for me due to the financing aspect.

If you're in contact with the owner/seller directly, and you don't feel there is a lot of competition (off-market), might as well start with an LOI to lay out terms before drafting a contract.If you need the offer to look compelling because other buyers are circling, a PSA would indicate more motivation on your part.

So, instead of thinking in terms of "standard fee," think in terms of actually time and costs. 

Often, these buyer lists are comprised of unsophisticated buyers meaning you are competing on terms with other suitors who are poorly informed on value, cost etc. 2.

Here’s my bias in general terms.

The term Certified Broker is intentionally deceptive in my view.

It's a long term game, and that's a better long term strategy. 

It may be time to look for a new leasing manager.I know it's short term pain, but well worth the long term gain.

@Kristine Ann  I used the term "traveling medical professionals" in the first week of my first rent-by-the-room/co-living MTR listing while waiting for input from a local real estate attorney on my legal document.

Please keep in mind that unless you are a real estate professional or utilizing the short-term rental loophole strategy, you are creating passive losses that can only offset passive gains.