Check out your local REIA -Real Estate Investor's Association and they are happy to provide you with some recommendations to minimize your issues and time.

You are wasting your time and money.  

This requires separate TIC Agreements, separate Management Agreements, etc.Since interest in using 1031 funds in passive syndications is becoming much more popular, I have to think there's a way to minimize the complexity and hassle of this arrangement.

Carey ~ Don't waste time thinking real estate agents or mortgage people will save you -They will not.Save yourself! 

Cons: missing out on some cash flow, capital gains tax.I know this is kind of a long post with minimal information but how do you know when to keep or sell?

As a wholesaler I would love if other wholesalers would be up front and not waste my time calling and setting appointments and then offering to JV.

When I started in this business, I thought getting a real estate license was going to be useful only to find out it was a waste of time in terms of what I was looking to do for investments.  

A. it's a waste your time & B. you're probably gonna screw it all up & burn yourself some bridges that could have been very important down the road. 

Point is you waste time and money.

So there would be minimal cross selling potential, and it wouldn't make sense.