I might entering new territory and need some guidance.  

If you include leverage in the mix, you are definitely in "ERISA tax attorney on your team" territory. 

While I'm sure there's risk exposure here that I still don't fully understand, I was comfortable proceeding on that time horizon and for that amount, and eager to learn what I can from it (and especially from talking through it with more experienced folks like you).Also, thank you for clarifying on the "default" terminology, this is somewhat new territory for someone coming from the corporate/venture world!

This is definitely attorney territory. 

Maybe it's just because it's new territory for me so I guess we will see.

Thank you to anyone who takes the time to read and reply to this post.My name is Austin and I am 27 yr. old territory manager for a medical device company living in Memphis, TN.

@Lyuba Barrington I'm trying to do the same thing, so I'll basically just describe how I'm navigating the territory. 

US property may only be exchanged for other US property and a very few exceptions of territories that include the USVI, Guam, and American Samoa (but not Puerto Rico).  

Maybe an LLC where you are both members.When you get to more than a few people investing, you enter syndication territory, which is very complicated (and expensive).

I had been avoiding nagging because once I start I can go into very mean, unkind territory.