There is a guy named Dave Ramsey who is a buisiness man one can listen to on the radio who combines ministry and financial education.

I feel like I wouldn't get the return on the investment to modernize the place.

So do buyers expect them to be 100% up to modern standards?

The PM shows the properties, answers tenants calls, collects the rent, recommends fixes to the owner and deposits the money in the owners bank account.With the combination of the condo association and the PM, there is very little for the owner to do. 

However, they are not very convincing that they are real wood and give a more modern look (not a bad thing).

It's just a "model" but it shows the power of combining all the aspects of REI into one, and using exponential growth to really make it big.

I assume that means your partner may never have to put in any money, and yet can still profit on the deal.The combination of giving your partner right of first refusal (the ability to chose not to do the deal) and then giving them the opportunity to make a profit without doing anything seems very contradictory.

You can always start off with one (1) 1031 Exchange and then decide to drop the last few sales into a new 1031 Exchange if they are not selling quickly.In my opinion, how you structure your 1031 Exchanges will depend to a large degree on what you want to reinvest in (i.e. how many properties, what type of properties) and how flexible the seller is willing to be.The more properties and/or 1031 Exchanges the more complex the deadlines and identification processes can become, but they are done all the time.It is also possible to combine a regular Forward 1031 Exchange with/into a Reverse 1031 Exchange.

I listen in my car but combining my listening with my workout is something I need to try.

A few that we work with are SWBC, Foremost, and American Modern.