I see some misconceptions about the world and the history. 

Another wild misconception is...the reason people fail who've worked with a mentor is they quit, or didn't have the work ethic, or they did't "take action." 

Also, there is a huge misconception that these people are desperate to sell.

That's a misconception many people have.

A common misconception is that by hiring a property manager you will be a "passive investor". 

Initially, like many others, I harbored misconceptions about this program only hearing the negative connotations about units getting ruined and poor tenant quality.

There may be a few misconceptions in your model that I think I can explain.First, the State of California has stepped into this space, big time, with laws and definitions of what is a tiny home.

I know sometimes that people have a misconception that you can 1031 as a LP into as syndication however that doesn't satisfy the requirements. 

I think one huge misconception is there there are no quality tenants to attract in D neighborhoods.

Okay, I need to clear up some mis-conceptions here. 1st of all, if a person wanted to do a rate and term refinance using a conventional loan (Fannie Mae / Freddie Mac), meaning they are paying off the existing liens on the property plus rolling closing costs into the loan, there is no time frame requirement as far as being on title.