If not, buying a turnkey, rent-ready property could be a better first bet.

Or you can just be flexible on closing those properties so he can line up the 1031.

The downside is the risk of negative cash flow if the market shifts, but it offers liquidity and flexibility to deploy capital elsewhere.

The Trustee of the REIT can buy and sell properties within the REIT without triggering a capital gain event to you as the investor, however, this flexibility also allows the operators to potentially add properties to your investment portfolio that may expose you to risks or asset classes you were previously unaware of.There are a couple of sponsors I am aware of that carve individual properties out of the REIT, into a DST, then pull them back into the REIT at a significant mark-up to the DST investor.

Since the property is free and clear, you might consider reaching out to local banks or credit unions, as they often have more flexibility for smaller loans.

That’ll give you flexibility to automate and integrate workflows as your needs evolve.A direct booking site is a nice-to-have down the line if you want to save on platform fees and build a brand, but starting with platforms like Furnished Finder or VRBO is a solid way to keep things simple while you’re getting started.Good luck—sounds like you’re on the right track!

Bet you know who that is don't ya Carlos? 

Rates are typically higher than a traditional cash out refinance, however at least you are not getting the full loan amount + you have the flexibility to draw/tap in the money whenever needed.

There's room for flexibility depending on the desired tax strategy.Once you have more than a few properties, you'll want to consider software.

I bet there are some ways you could proactively plan so the problem almost resolves itself.