I agree that many transactions shouldn't be done simply because you can.However, out of curiosity, if you had the opportunity to buy a $hit property with golden financing & then immediately sell the $hit property but keep the golden financing & transfer the financing to a great property would you consider it?

Since we don't use Padsplit and manage everything ourselves, we simply call it co-living.

You do not operate a trade/business - they you avoid 1099s, but neither can you use business overhead deductions.Disclaimer: you cannot simply claim to be running trade or business, it's not some checkbox election.

Simply buy a property every year or two if you can.

And always have the ability to fire a builder and pay out for work (which is why you don't want them to front load the contract) in case they simply aren't producing.New construction seems risky. 

If you were simply leasing the home TO an assisted living business, it would be a different story. 

It may sound funny to pay a 1031 exchange service to simply receive money for you and spend it for you, but it is essential. 

I recently sold a house and they had a home inspection and they came back with a list and I simply told the buyers , No to any price reduction or the "repairs" .

Or is this simply the appetite for commercial loans currently?  

You'll have a portfolio of what ever, it would simply be an investment with your own funds.