Multiple units on one piece of land give you the ultimate flexibility to rent them individually, some, or all of them at one time.  

We can access the additional equity in the property and refund a portion or all of the investors' funds by refinancing after a few years.

This could take much or all of the equity.

I agree a high yield account in wealthfront or Ally or something like that is the way to go. 

It just changes from being in the 1031 to being outside the 1031.If you only have access to the 200K for a short time because it is a loan from someone, then the final step for you is to do a refinance of your replacement property if you can and pull out what equity is needed to pay back some or all of the 200K.  

Now to be fair, others may have gotten a drive-by appraisal without me knowing, but in my experience serious buyers don't get an appraisal or an inspection.Inspections are normally worthless with the majority of wholesale deals because many times some or all of the utilities are not even turned on, and there are normally significant repairs necessary to even turn them on.

It’s just like when people say all cops are bad or all lawyers are thief’s etc.

How can anyone put an offer in withOUT knowing the reno or all details about the property? 

Either some or all parts of the chapter 13 plan gets dismissed with conformation plan because of non-payment and default of all or parts of the repayment plan.Both ch 13 and 7 stay on the credit for 10 years even if you just file but do not go through with the whole BK.

They write your offer to the seller with the terms you wish to offer such as buying the property as-is or waiving inspection or all cash.