Pursuant to the terms of the agreements described above, the following table summarizes related party costs incurred and paid by us for the year ended December 31, 2017 and the nine months ended September 30, 2018, as well as any related amounts payable as of December 31, 2017 and September 30, 2018:

	Year Ended December 31, 2017						Nine Months Ended September 30, 2018
	Incurred		Paid		Payable		Incurred		Paid		Payable
Expensed
Operating expenses (including organizational costs)	$	394,654	$	271,229	$	123,425	$	498,830	$	550,938	$	71,317
Transfer Agent expenses		—		—		—		85,194		58,000		27,194
Asset management fees⁽¹⁾		135,163		93,492		41,671		736,736		262,347		516,060
Property management oversight fees		—		—		—		129,520		44,336		85,184
Acquisition expenses		2,310,020		2,310,020		—		148,736		148,736		—
Capitalized
Debt issuance costs		499,382		465,500		33,882		357,025		390,907		—
Acquisition expenses		—		—		—		3,180,000		1,200,000		1,980,000
Additional Paid-in Capital
Selling commissions		3,947,269		3,915,109		32,160		839,011		865,171		6,000
Dealer Manager fees		1,490,524		1,474,704		15,820		477,481		490,301		3,000
Offering costs		508,350		508,350		—		331,637		331,637		—
Total	$	9,285,362	$	9,038,404	$	246,958	$	6,784,170	$	4,342,373	$	2,688,755

⁽¹⁾

For the year ended December 31, 2017 and the four months ended April 30, 2018, the Advisor permanently waived one half of the asset management fee totaling approximately $135,000 and $160,000, respectively. Such amounts were waived permanently and accordingly, will not be paid to the Advisor. Commensurate with our Public Offering being declared effective on May 1, 2018, the Advisor is no longer waiving the asset management fees.