I'll be happy to help you with the financing aspect of your investments. 

(if I refi and pull out the equity it makes the CoC negative for the next 3-5 yrs)1031 option: sounds good, but I am concerned about finding the right property in the timeframe and my inexperience with this  creates risk.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I'm just not familiar with the flipping aspect of homes this age and just want to be cautious going in.Thanks in advance! 

Cons: Not a happy industry - everyone has a story or opinion and they're usually negative.

Let me know if you need assistance with that or any other aspect of your investment journey, happy to help!

As for the refinance aspect, if you're going from LLC to individual (or vice versa), at my shop you would just transfer title into (or out of) your LLC at the close of escrow, so that part is no biggie.

@Harish PasupuletiTurnkey properties are attractive due to their low barrier to entry, especially for new investors, but they also have the extreme negative of eliminating your ability to build immediate equity through reno.

Right now I'm looking at a possible 10% return but could be much less or negative if the market turns do you have any thoughts?

So you want both aspects.