Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

For active investments I advocate considering how you can diversify WITHOUT ceding your competitive advantage nor the superior profitability of the niche your in.As an example my business is running an investment fund and syndication high interest commercial mortgage loans secured by income producing real estate. 

Just because we did it so quick shouldn't diminish the value, hard work and systems required to produce the result for you.  

A lot of this content was produced in the mid stages of a vacation rental frenzy, and those concepts don’t necessarily work any more.

You can make checking accounts for the deposits but I prefer Savings accounts because it produces more interest that the landlord can keep here in NC ;)

I get that.. but if your a top producer this is just cost of doing bizz to the title company orr closing attorney if your a one off agent you may have to pony up the money but to me it was necessary..

I sold 2 properties that were taking up a lot of my time and were producing very little of my cash flow.2.

Make sure it’s updated though as the IRS will ask for it to be produced quickly.

I personally believe single family produces the best rents and appreciation.

One idea is to proceed with the 1031x, save on the capital gains, parlay your proceeds into income-producing properties, and capitalize on the low-interest rate offered by these operators.