100% agree.. especially with syndication once your money is in their account you have zero control.. your not on the checking account your relying on either sponsor prepped financial although some are audited which is better of course..

But it works out either way for the 1031 exchange.And of course, once you have completed your 1031 exchange you can always do a refinance and take cash out any time you want.

Of course, plus any work required.  

Generally speaking of course.     

IF you were to renovate a non-conforming unit, that unit would now need to be brought up to code.When or if you rent out the unit, you, of course, run the risk of the tenant calling the city and saying the property isn't up to code, which would, in turn, cause an inspection by the city and likely result in some violations that would require you to bring the unit up to code.These types of units are ALL OVER the city of Chicago and be rented out on a daily basis, but there is still clear risk associated with renting them out.

Never heard of this course or the guy who started it.

If you know local wholesalers or off-market specialists, their contracts have usually been vetted by an attorney.

I have been looking at my year end numbers and most of my properties (STR's of course), will have generated over 3k a month in net cash flow on a 12 month average.

Of course many times on BRRR with max leverage you have to write a check to refi.. so helps there

If you can take a unit off someones hands for the right price then of course it could work.