Think about a DST as the "container" that is used to fund property acquisition, property management fees over the hold period, any reserves estimated for the assets under the hold period, and syndication fees.

They should have sought an estimate quickly, not weeks later.

My wife and contractor walked the property to do rehab estimate, found more damage than expected.

The rehab is starting shortly, but I do trust these numbers as my past ones have been within +/- 10% of estimated rehab costs, and this one is estimates from Class-A contractors.I am doing the bridge loan through family and giving them 5% returns, which is pretty good for them based on their financial goals, and its a bit less risky since its backed by my other 3 rental properties (all of which are not leveraged, except this private note).

That's just the employee side.It is interesting since assuming if you could pay yourself a salary, you wouldn't be paying additional FICA since you'd be maxed out by your day job (as long as you don't get fired or leave you wouldn't have to worry about the estimated tax for the FICA, in my opinion, since you know you will be covered). 

There's a chance plumber #2's estimate for the work was much higher than plumber #3, and you property manager saved you money. 

Is it based on a quote you got for the property or simply an estimate? 

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.