Its complicated and if you violate any of the IRS guidelines it will negate the 1031. 

If you do have the property on your latest tax returns it gets a bit more complicated because there are more inputs.

I've spoken to some and none have said this is a safe loan to make.Best of luck, I fund sherrif sales but only in select states  NOT PA too complicated there and too much risk.

Making your investors feel safer, syndications require a government-regulated private placement memorandum (PPM), which spells out how the investment is being set up and the returns and risks involved.On the negative side, real estate syndications are expensive and complicated with quite a learning curve.

I am able to read and absorb a lot of material but there are a lot of complications for this type of strategy so I was interested in a real world example of it playing it.

However, failing to pay the tax could result in a lien against my company, complicating the approval process for a mortgage and incurring an estimated $10K in penalties. 

Either way, the accountant can pull this easily from the closing statement or 1098 from your lender.It's really not as complicated as you think. 

However, failing to pay the tax could result in a lien against my company, complicating the approval process for a mortgage and incurring an estimated $10K in penalties.

You will also have to factor in rental days vs. personal use days.This is very complicated.

But it will be complicated by different factors such as flood zone, topology, conservation area, easements, access to roads and more.Zoning - check the code and check site zoning.