HOA management for a bunch of peripherally involved out-of-town investors is probably a great opportunity pass along overpriced contracts to your local buddies. 

Also, for those whose BUSINESS (as opposed to just investment) is STR, they can scale successfully while their experience and knowledge of the industry may allow them the opportunity to uncover and recognize those few opportunities that will provide a much higher than market risk adjusted ROI. 

To defer all tax you must purchase in total at least as much as your net sale.

The day after you close, it will appraise for the sales price. 

Investors Receive "Restricted Securities"Syndication investors receive restricted securities, meaning:They can’t freely sell their shares like a stock.They must hold the investment for a certain period.Additionally, you must file a Form D with the SEC within 15 days of the first sale of securities.

Is his capital only paid back when there is a "capital" event like a sale or refinance?

This is where if you're very advanced as it relates to social media trends and creating compelling videos you have an opportunity to generate some eyeballs. 

I have moonlighted for several Architects and through hard work and good fortune stumbled on an opportunity to become an apprentice electrical engineer. 10 years later I am a senior engineer, together with my wife, have a decent portfolio of Real Estate.

There is another house about two blocks over that I have the opportunity to buy off market under market value.

whether for sale or not.Ex. all houses in Sierra Madre, CAThanks!