It would allow you to sell your STR and defer all the taxes to reinvest all the proceeds into another property or multiple properties. 

I’ve had multiple people contact me and I’m looking for possible solutions.

In general, I'm curious how investments with multiple investors are structured.

I am interested in investing in something a bit more passive as I am getting older and, while I love the real estate asset class, I do recognize the need for multiple streams of income. 

if so you will need multiple properties - don't believe all you hear about the cash flow in Detroit. 

That said, I can handle it when necessary and have successfully built multiple self-started businesses and ventures in real estate investing (REI).

I recommend researching the average appreciation over the past 10 years in your target area to get a clearer picture.As you know, in real estate, ROI comes from multiple sources: Home Appreciation:  Reno Appreciation: Value added through renovations or improvements (usually just in the first year).

I don’t mind having skin in the game either, but I know using private money is key to scaling one day and would like to get some experience with it now, even if it doesn’t fund a majority of the deal. 

Have multiple exit strategies, do not be over leveraged, and make sure you are factoring market changes.

I actually asked in writing multiple times to verify it was a triplex as that is what I was wanting to buy.