I own a C corp with one other partner (my brother) - completely unrelated to real estate.  

It would be treated as if he sold his relinquished property but a completely unrelated entity bought the replacement property and the 1031 Exchange would not qualify. 

At Bigger Pockets, you can reach out to other real estate investors while completing deals successfully and correctly.

Does that simply mean they employ managing brokers in all 50 states?

The only landlords I know that do well in this space own 30+ doors.It's simply the 80/20 rule. 80% of you tenants will be just fine and 20% will not.Other ways to improve your numbers are to own fully renovated properties and great property management. 

My left pocket won't even lend to my right pocket without clear and complete numbers.I hope this makes it a little clearer.Cheers!!

Sponsors simply look for accredited investors that can partner with them to own large apartment communities.  

The private lender we use is a family friend who has complete trust in us and vice versa.

Unfortunately the house isn't complete yet either.

When I account for 10% vacancy, 10% repairs and maintenance, 10% CapEx and the numbers above I end up losing money every month.And I know I could argue that I don't need to account for capex/repairs and maintenance as it's completely rehabbed, but I have the understanding that the deal should cashflow anyways with that accounted for.