If this isn't being done, then yes that does fall on Brandon (and his other co-owners) as the buck stops with them regarding institutional failures. 

Looking to do something similar out in CO in the next few years!

Outside of my insights from data, there are a few things I'd like to pop in here to hopefully take this conversation in a direction that helps us all learn from this and grow in our businesses together, elevate the industry together, find a path to co-exist where each business contributes to the overall industry growth... challenges the other to innovate and create fresh new solutions for customers to win big... and leads towards our industry getting stronger not weaker. 

I have done 100s of deals out there and I'm aware of almost every PM co.

A short back story is a long term friend and co worker and I have been talking for a year about getting in to rentals (his parents own 12).

Are you more interested in short term rentals (thinking about opportunities to co-host STRs)?

Is there anyone well versed in Colorado law that can answer a few questions before I consult with a lawyer?

Allow 3 unrelated peopleWheat Ridge, Littleton and Commerce CityAllow 4Aurora, Golden, Northglenn, Thornton, WestministerAllow 5Castle Rock, Colorado Springs, Arvada, Lakewood & ParkerWhat's this mean for me?

Good luck, I'm in CO if you land here!

My judgement is that I thought you couldn't do 1031 on personal residences but I'm not sure how you're classifying the co-op you've bought (most people that buy co-ops use it as primary residence).