So on top of the interest rate they earn from you on the sale, the 529 plan can invest to further save for the child's eventual education costs.Or if they're not sure yet if that child will go to college or private schools, the funds can go into the trust (more expensive to setup) and then the trust can invest that money every month into annuity or whole life insurance plan that the child can "borrow" against after age 18 to use for whatever short term fund needs they come across, or upon exercising the insurance plan towards the guardians, or later in life to the child's family.  

The issue is most don’t understand the view point of the investor.Our role is to act in the best interest of the investor.

You will find that this exercise plus going thru the cards on a daily basis will help you immensely.

Legal advice for partnerships, for asset protection, for Purchase and Sale Agreements, etc. is critical when you don't have a lot of experience in a particular area.For today's call, I suggest you make a list before the call and just discuss the roles each of you want to take on and are comfortable with. 

Make sure to get everything in writing when forming your partnership and have a clear view of operating roles.

@Kasper Ligas I always try to think of my role as a consultant.

The qualified intermediary must be an unrelated 3rd party who's only role can be the 1031 administration. 

Simply call referrals and interview as many in each role as you can. 

But you are probably thinking of errors and omissions insurance, likely some level or personal liability insurance for your role leasing and dealing with tenants.At the end of the day, I would talk to your insurance provider and let them know what you are wanting to do and what scenarios you are looking to get protection from.  

Run the numbers every day as if  you’re exercising.