Account Closed in order to do a 1031 RE exchange from say a SFR into a MFR, it needs to be done as a TIC or DST.Most large syndicators will not want to do a TIC as it introduces risk for the other LP investors.There are only a few syndicators who go down the DST path, as it too has its complication.So in general 1031 exchanges are not favored by most syndicators.

You'll swing the pendulum in your favor a bit and have much more leverage than you would when you are bidding against 40 other people willing to pay over the asking price.

other wise pretty good deal with no points its a little low for the small dollar loan.. but like  i said if your doing your buddy a favor and you are OK then go for it.

Hopefully, I will be able to return the favor some day. 

I have to say that the overall reaction to my apartments is more than favorable and it definitely helps me not to have a vacancy too long.

You will need to do whatever it takes to compete and compare favorably in the eyes of the tenants.

I've heard about the strong cash flow properties in low income areas can produce but I'm also aware of the downfalls of investing in not so favorable areas of town.

There are many, many areas that will CF in MI.Also, NEVER accept negative CF in favor of appreciation. 

I got judgement of immediate possession in my favor.

Agreed, and again I'm not in favor of any of these items.