I just think there is a trade off that people need to consider, and their credibility shouldn't automatically be questioned if they choose privacy.

No experience whatsoever?

So I am not speaking about them whatsoever. 

If you wanted to do a 1031 exchange down the road to use that equity and trade up then that'd be a good idea.The homes I’m looking at buying are in the 330,000-350,000 range.

It might take a large financial institution with capital for “brainpower” and marketing, and financial and reputation strength to design as well as create a trading market for this type of security. 

If youre saying condos are trading at $220 a square foot....Id be planning on a value of $110 per square foot on a co-op.

I wanted to be able to put in some sweat equity and learn some of the skills needed in this trade.

You don't have a recourse because you took the liability on yourself knowing that is not his trade.  10 days later you have a water leak in the SAME bathroom causing the ceiling downstair to leak AGAIN.  

I think an equally probable scenario is that we'll convert it to a rental, and then look into a 1031 exchange if we think we can trade into a better-performing asset. 

I currently work in the turnkey investment world helping investors create a real estate portfolio, if you are ever interested in trading different strategies and goals, I'd love to connect!