If your LLC is a disregarded entity for tax purposes, then you personally are actually the tax-paying entity performing the transaction - choosing to wrap it in a disregarded entity is optional at this point.3) In order to purchase or dispose of 1031 property fractionally, the umbrella entity must be a vehicle that permits this.

I would 2nd what both @Jonathan Greene and @Nathan G. had to say, do the management and leg-work yourself, you will almost assuredly make more money and cut your risk down into a fraction of what it would be.

Literally a fraction.. so we cashed it out because at any time it could drop back to where it was or lower.

I'm making offers on homes near a resort, where a large fraction of homes serve as STRs. 

It is high-risk speculation as evidenced by your recent losses.When I buy income-producing property, I can estimate within a small fraction the amount of cash flow it will produce. 

They may be fraction due out each year but not all out in 3-4 years. 

Then looking for investors to invest in fractional shares of these assets reaping COC return through dividends. 

In some ways, this community is a fraction of the cost of a similar assisted living community.

If the property is in your name only, and you want to quit claim the property into an LLC that has investment partners as other members, this can complicate the matter with regards to the loan and possible fractional "sale", hence items 1 and 2 are even more important. 4.

Even if they bought a non performer they know that time is on their side, because they have such a fractional amount of their capital wrapped up in it.