Typically you cannot 1031 out of a syndication as the partnership (ownership enttiy) must be the one to do it, not an individual investor.2.

The properties that I like the best are typically in the B/B- neighborhoods.

Small shop brokers that have access to multiple programs so that they aren't beholden to one or just a few loan programs will typically get the most competitive product for the borrower. 

From what you've said, it seems like an AITD could work if the cash flow on the equity is solid and better than a typical single-family home.

The lender typically is not aware that ownership has changed.

In my experience, a successful BRRRR typically comes down to two main things: finding a good deal and managing an efficient renovation.

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

.#10 CONTRACT - make sure what you are doing STR is listed in the contract - typically in the addendum section.   

My guess is that's probably around 50% to 100% of the amount of capital initially raised when this deal went out.This scenario is illustrative of the risks of short-term loans. 

These structures are significantly more complicated than a typical 1031 Exchange structure and there are inherent risks involved in the transaction, some of which are discussed below.