We're often helping each other problem solve our listings or helping with specific situations that are occurring at our properties.

My plan is to set up a syndication fund with Canadian (and U.S) investors to purchase short-term rental properties in the Puerto Vallarta and Rivera Nayarit area (which is booming).

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

The lease I had before, I purchased from RentPrep, and I really like it because it covers so many things.

Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?

The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

About 6 months ago we purchased a duplex using a DSCR loan.

Also, you can possibly take equity out of your current properties instead of taking out a construction/hard money loans.Purchase and Rehab Financing:If you are doing simple purchase and rehab (not ground up), then it's not that hard to qualify and you just need to right broker/program.

I eventually want to build on the lot but for the time being, I want to purchase it so that no else buys it first.

It doesn't matter if you already have assets, but it makes a difference when you're looking to make new purchases.