An HOA can easily restrict someone trying that strategy. 

I have an outdoor pool that easily have 1k+ people using it every season and I never had single complaint due to the water quality.

Let’s say you own 1/2 of the $700k property as a TIC and can do a 1031 easily.

Quote from @Evan Polaski: @Chris Seveney, I hadn't looked at any details on this offering into now.Things to consider from their own marketing:Operating partner has done all of 10 flips.Their entry price point is a price that I would expect any truly experienced flipper to be able to take down very easily on their ownTheir historic IRR, while high by MF standards, is average, at best, from my experience with flips, and it is unknown if this is net to LP returns.I have flipped homes myself, so am not their target investor.  

OK, good luck with that if you have easily accessible assets like a home you don't live in.Meanwhile, what are the odds a term life insurance policy pays out? 

Because later, you can easily use it as your mailing list!

I generally recommend if you're not going to buy a property in the city/market where you currently live, the next best place to look is where you have family (and presumably a place that you'll visit relatively often and easily).What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper", assuming you buy in Peoria or a similar priced Midwest market?

With $150K, I could easily put together a portfolio of 6 rent properties from deals I see every week, including last week.Just get started.

If you have the data easily available, can you give us cash flow figures throughout the 13 years? 

They easily double(or more) in value every ten years.