In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one. 

The client has experience with renovating one other property, has other properties they rent and is also a property manager. 

No one can see it. 

I find that less than 1 in 10 really do much about it, but it's very rewarding when one hits that million dollar mark.

Yep @Trent Reeve, I think I'll get one just like that, but through Amazon.

That said, if one good coach or coursehelps you scale, it can more than make up for a few bad ones.

I purchased one fourplex in CA last year with one partner.

For firsts I have seen one company recently doing 30%+ on first position liens.

I also report every one of them to https://www.donotcall.gov/report.html#step1.

One of my goals this quarter is to post on REI forums and connect with other investors to network and learn more.