Although I’ve been investing in real estate, both directly and indirectly for 45+ years, I still get a “queasy” feeling when an investment does not perform as expected.My “aha” moment occurs when we reach the point when, despite the investment problems, we’re able to still show a good/substantial profit at the end of our holding period.  

Are monthly updates preferred as long as there is bulletproof accounting? 

Many of which are savvy BP type clients who are doing updates/raising rents and then the buildings do cashflow positive even with lower down payments which produce amazing returns (at 3.5-5% down you get close to a 50%+ return a year just off mortgage paydown). 

I know the deferment period for capital gains is almost up, but what are the pros and Cons of an OZF vs a traditional 1031?

The buyer signs a representation agreement with no locked in period, with the flat fee buyer agency.2.

Quote from @Chris Seveney: If you can borrow private money for that period of time at 10% that is a very good rate.

Regular schedule updates should be completed to track the progress vs. the baseline agreed upon schedule.

Property radar subscription may give it to you.. or a GOOD VA could compile in the counties your interested in. then up date it weekly as new private DTS are recorded

I agree, its easy to say oh I want cash flow, but ultimately, most of the gains are made with appreciation and principal paydown over long periods of time. 

In similar situations @Nick Am, keep us updated on your findings.