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1031 exchange within an existing SDIRA
Can a non-accredited investor in an already established SDIRA, within a 506(b) multi-family syndication, do a 1031 exchange to another syndicated property (with same operators), if the new 506(c) offering required investors to be accredited, and the investor is not? Is it possible for the investor to exit this deal at a later date? What, if any, are the ramifications if the operators did no due diligence to make sure investors needed to be accredited? Just to complicate things further, a capital call has been issued.