@Justin Franklin, it doesn't matter where the lender is located, as long as they're legally able to lend in your state.

We have a legal accessory apartment that we currently rent out, however, as far as I can tell, we would be in violation of the zoning commission if we were to move and rent the main section as well.

@Kevin McGuire I’ll take a listen tomorrow - side note Freakonomics impossible burger one has me looking for it in restaurants!

Are there any legal ramifications to provide an LOI and backtrack due to significant concerns with the property (e.g., significant rehab budget, title is not clean, etc..)?

So it's really a judgment call, follow the exact law and you don't need it, or get it anyway to be covered just in case.I am not an attorney, this is not legal advice.

A properly set-up DST will both protect your assets and bypass the burdensome franchise tax that would be levied against a Series LLC.The Delaware Act expressly provides that “[n]o creditor of the beneficial owner shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory trust.” 12 Del.

No way, this creates unnecessary legal headaches in the future.

Do not rely on it for legal advice.

Prices are very much at a premium wherever you turn and it seems nearly impossible to find a property that even remotely makes sense after some hacking and value-add.

@Russell Brazil too.You will be hard pressed to find a legal multi on the VA side of the border at all.