With this lender, the seller is not required to partner with you at all. 

Going all-in on a DST-721 UPREIT strategy could be a great move, especially given your situation.

Appreciate all the great feedback here! 

Also there is a management fee to pay for all of the above.

I am extremely interested in all things real estate but do not know how I want to pursue it after I graduate this year.

Thank you for taking the time to reply - in fact, I was just thinking about this and yes, I believe that I would - the reviews and information that I have gathered all suggests that the businesses in the area are simply awful - and it would be interesting for them to have some competition.

Don't throw it all into real estate.

The other option is simply charge them $X (equal to one month's rent for example) and if you find a new tenant sooner, then keep all of that money as it is a fee for breaking the lease vs the first where they are paying rent.

Looking for a loan and am curious if all lenders have resorted to creating a laundry list of fees.

In all reality it is as simple as that.