After looking into the question of whether or not to create an LLC for our investment properties, we decided the better option for us was to simply get more liability insurance, specifically an umbrella policy to cover all properties up to a few million dollars. 

More specifically, do you know what investment strategy you want to implement?

For specifics, I can check with my CPA and RE lawyer, but they aren't experienced Property Managers. :-)Anyone else use a PM company to handle all of their rentals set up this way?

The  zestimate was 57,000 lower than purchase price and another website (I forgot the name) had a much lower proposed purchase price.

It's really important to know that people giving advice here do not know the specifics of your situation.

I became a realtor specifically to help other investors in the area here :) The property is LTR - Myrtle Beach is growing so fast that it has LTR opportunities.

There is really no IRS private letter ruling specific to DST (or at least it is never mentioned as such) as far as I can tell, despite some advertising to the contrary.

The three most used “exemptions” are (1) the general exemption for private funding (2) Safe harbor Regulation D (either 504, 505, or 506 B or C),and (3) crowdfunding specific regulations.  

I don't know where to look to find the answer to this specific situation: I have partners with an inherited home.

As already mentioned it definitely depends the specific scenario!