For instance, at one point when I was working as a senior accountant in a property management firm, I was training a guy who was a CPA for 30+ years even though I was hired 2 months before him.I worked only in real estate accounting and financing and became CFO.

These are professionals with additional training and a stricter code of ethics.

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.  

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.

Generally speaking of course.     

There has been an increase in gurus selling seller financing training programs because interest rates have risen.

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