This may be an excellent approach to obtain practical experience and pick the brains of those who are currently working in the field.Offering your assistance in property management in exchange for a teaching opportunity might be a novel strategy, as you indicated from reading Brandon Turner's book.

Happy to exchange experiences

You just spent them, and purchase of real estate isn't a deduction by itself.Also, I don't believe you can do a 1031 exchange from the sale of a business, so you can't defer the tax in that manner.In terms of how to invest next.. 

Hi BP Family.Regarding your 1031 exchange.

1031 exchange?

I have a small MF property I am thinking about trying to do a 1031 exchange with.

Assuming this is the case (and excluding agents fees, costs etc) would the capital gains tax on the second property be 40k (gain since the purchase 315k-275k), or would there be some kind of recapture from the first 1031 exchange.

Be a mentee under someone in the game, add value to them by being their assistant, or doing a task involved in the deal in exchange for equity.

I believe it was made clear initially this was exempt, open to accredited investors only, etc:If you have searched the SEC Edgar database for an apartment LLC syndication and the syndicator, and you cannot find them listed, it could mean several things:Exemption from SEC Registration: Many real estate syndications, particularly those involving apartments, may be exempt from registration with the Securities and Exchange Commission (SEC) under Regulation D of the Securities Act of 1933.

I'm sure you have your reasons for not considering a 1031 exchange.