If you have multiple people on the loan, it's going to make things trickier later.In my opionion, the best way to do this is to buy the property yourself.

I'm 💯 with Caleb on this: Test out your flipping plan before you sell your business!

Of course, there are always multiple ways to overcome any challenge, but this is how we have done it so far...My partner and I currently own and operate transitional living houses in a Midwest city, and it is definitely a different business than owning or managing standard rentals.  

They have answered your question pretty well here, but I would just be sure to track your basis very carefully when looking to doing multiple 1031 exchanges with depreciation.

I want to get into real estate investing and like the thought of having multiple properties to manage.

most insurance carriers are middle men who broker a connection to a construction policy carrier and add 10% on top for themselves. the key is to find an insurance broker that the construction policy company pays to derive business for them so you get your policy at cost and will help shop with multiple providers to get you the most competitive terms 

It should include the keyword multiple times within the ad body and title so that it gets highlighted, which is another trigger for visitors to click on YOUR ad.3 - THERE IS NO CALL TO ACTION.Every ad needs to create a sense of urgency with a call to action, such as “Start Today” or “Get An Offer Now.”

@Jon GrevesInterview multiple property managers, handymen, and plumbers, electrician and any other trade that you might need for either STR or a long term rental.

I’ve also considered cash out of state multi-family but doing multiple into one 1031 exchange on my first time sounds risky and stressful.Mostly I like the idea of selling a house here, 1031, then a cash purchase in the midwest/south etc (Then if successful, repeat).

And there is no way that you can run your business with $600 rents, but that is not their concern.The only way to know for certain if you can achieve those rents is if you put one on the market and test it.Gino