I have been reading about adverse mortgage fees in news from Dec 1st( it was supposed to be implemented from Sept 1) and this has been playing in the back of my mind during this refinance process am I little worried if it’s going to bite my back at the time of closing, my current lender has already sent me payoff instructions.

Your future leases should include that this is your process. 

@Carlos Ptriawan -To reply to some of your questions above:The standard minimum investment into DSTs has been $100k for quite some time, but I've seen sponsors process transactions as low as $40k. 

Private money is good for maybe acquisition but not construction due to the draw process . 

You need to take that knowledge from building homes, the building construction you know gives you a huge advantage on what you can buy something for and fix it up for after purchase.

You can do most of the screening process and background check part from afar and get a new tenant set.

This is a problem all of us with some trade skills can run into.You just have to deal with it, you're getting the huge savings of doing the work yourself.....you can't also get the write-off/basis.....You have to do the math and see if it's worth it.

It’d be helpful to hear from someone who’s in the same boat, but a little further along in the process!

However there will always be props that go through the full process that will never change.Very much agree on the FLA condo situation very scary for owners and debt holders I have to think.

The geographic area that you mentioned is huge, especially when you consider the outlying areas.