I never did do it, I ended up selling my house that I was thinking of using for that purpose.

I’ve had several deals like this on the buy side and sell side where the “gremlins” came out and started whispering against my intuitions.  

Exit strategies are typically, refinance into a long term loan and hold or sell it for profit.Cheers!

Is there a way to sell through a 1031 Exchange but then put the proceeds directly into a bunch of capital improvements at an already-owned like-kind property?

When you mentioned selling and other investors being involved.

It would be like if someone prepared to sell by painting to create fresh visual interest, but chose fuscia and lime green...those colors would certainly catch the eye but I'd never claim that they overdid the curb appeal by painting with too much visual interest.

If you own it 50/50 you still have to 'sell' them on your new fence idea.

Most deals that I have talked to his students about have a minimum $25k or $50k investment some sell out quick others don't. 

Some have done owner financing with an agreement to pay all interest and equity splits when the home sells others have done it where they do a quitclaim adding their name onto title with the seller so once rehab is done the seller can't try and cut you out of the deal. 

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.