A short-term hold can make it difficult to argue that you did have the intent to hold, but if you could demonstrate that you did in fact have the intent to hold for rental or investment purposes but that you got an offer out of the blue that you could not say no to you would qualify for 1031 Exchange treatment. 

But as @Steve Vaughanpoints out, it really depends on local factors, like taxes and insurance.

I know that this will vary on location, the bank, and other economic factors. 

If it is determined that your silent partner does have an ownership interest in the property for income tax purposes, it may or may not be possible to exchange into their property depending on a number of factors.

If you have a rate of 5% right now and can drop to 4% with $5,000 in closing costs, then you would have to decide how long you would have to keep the loan to save enough money to pay for the costs.Loans work off simple interest, so you do not have to factor in how long you have had the loan to make sense of it.  

With the description of your proximity this will affect demand significantly.He also stated proximity to campus isn't a key decision factor for students anymore.  

Sounds like some kind of factoring company deal...there is nobody I am aware of loaning their money interest free for a year.  

The x factor comparing the two, AV and Inglewood, is that government spending on all that crazy expensive military aviation.

The price point for entry and solid cash flow options were the biggest factors for me. 

Bringing my total Rental income to $2800/mo, which would be less once I factor in insurance, taxes, maintenance, and etc.