I have been a traditional REI to date but love the co-living concept ... and ROI when done right!

You could go either route but don't mix the two in concept as one is a mule and the other is a horse.And, the requirement that properties be listed for sale by a bank is a bank regulatory issue having nothing to do with the NAR, it ensures that the property is held for sale in a public market at its assumed fair market value.

Look, I know the whole concept of a 1031 exchnage can feel a bit like reading a foreign language at first, but trust me, once you wrap your head around it, you might never look at property taxes the same way.

You have a concept (investing in real estate), but you don’t have a specific plan. 

So, let’s RATIONALLY take a look at the three possible scenarios.1.

That simply confirmed “proof of concept”.

But I have never seen a situation were the concept delivery and accompany contracts and paper work was as Poor as this or non existent in many cases. 

this very simple concept is lost on a huge amount of investors..

That all is changing now, ever since Hilco Redevelopment Partners purchased the property in 2020, and received concept and development site plan approvals in 2022 and 2023.

@Jason Tucker - your concept is very similar to one we just completed the financing for.