Quote from @Anthony Dupre: @Chris Seveney Would you mind sharing a high-level overview of the structure your billionaire friends have set up?

One of my best friends owns one the largest brokerages in Miami, she says do not touch it, its going to crash. 

Attend meetups (that’s where I made friends with other wholesalers and learned from them).Good luck, and take it one step at a time! 

I would recommend finding an investor friendly agent in the area you are wanting to invest to be your boots on the ground.

Renting to people that aren't friends can be great, but also, one tenant can make everyone's lives miserable, so that's why I start with short leases in the beginning. 

I found a church and made some friends.

If you find a sublet-friendly co-op and it requires an "All-Cash buyer", there could be a good reason.The points you mentioned regarding co-ops are valid but do not apply to all co-op boards across this market.

Job Opportunities: The state's robust economy and business-friendly environment attract investors, but are other states catching up?

Friendly reminder you can do a Conventional loan 95% LTV to purchase a home for them.

When I worked with a friend in a similar situation, they ended up splitting the difference by moving forward with the 1031 for just one property instead of two.