ON the more risk type product we do land speculation and Land entitlements but the returns blow most any cash flow at the the same dollar amount out of the water..

I think there is something to gain from this in explaining that, yes, they may use it, but there is inherit risk with using it. 

@Catherine Javier If you find the property is more of a liability to you and ultimately decide to sell, the 1031 exchange would probably be the best way to take advantage of using the tax and find something with a greater growth potential.

In fact, there may be other home service opportunities with quicker growth potential worth considering.Additionally, be aware that in Texas you’ll need a broker’s license, not just a real estate license, to operate a property management business.

Everything would be in your name and he would be at risk possibly even with a legal agreement.  

I'm looking into possibly doing a 1031 or reverse 1031, have kind of identified potential markets. 

However, if the beneficial owner does not update thier FincenID the entity is the one at risk of being fined, not the errant FincenID holder.

If a variance is needed, they're estimating 3-6 months, up to a year potentially. 

Less risks of significant cash outlays and/or collections defaults.

Your NOI, revenue, location, risk for the business, assets (land and infrastructure mainly), equipment (yurts would be considered business equipment), and more all play a factor.