It’s an interest free loan but it’s not a gift unless you die in less than 27 years while still owning it or it’s 1031 exchanged property. 

To me syndicates are like buying stock, you are not the tail on the dog, but a flea on the tail of the dog. 

Would have been a good title for a forum thread for people looking to do direct exchanges.

You can't even change a lightbulb.You or your family can't use or live in the property.You can't sell a portion of a property like you can sell portions of stocks, bonds, mutual funds, etc.

Over the next 3 - 5 years I plan to 1031 exchange all of our single family homes and purchase another 40 that won’t have mortgages (we use the lease option model to sell our properties to maximize profits so we cycle through properties every 3-5 years).

Quick question, is there a stock symbol that tracks the daily 30 year fixed mortgage rate?  

PayPal is the only commonly used app in this country that handles transfers between countries and it is quite expensive.I've chosen wise.com for my international exchanges. 

Some could disagree as getting all cash and putting it in the stock market would yield a much higher return than the rate on a loan.2.

@Julian Martinez The good thing about your position is that if you decided to sell the property you can qualify for the 121 exclusion, and qualify for a 1031 exchange.

But not only that, when the time is right the 1031 exchange is also available to defer all gain from the appreciation and depreciation.