There are many benefits associated with a 721 Exchange.

Scenario: The investor owns 10 single family homes acquired over the course of the last couple years. Missed out on the great COVID rates, had to take out a mixture of Fannie and DSCR loans to close, with sub-optimal ...

There may also be costs associated with setting up the accounting for the shells, and preparing inital shell formation meeting minutes, etc...You will also need separate bank accounts, and a war chest of money to defend them if/when needed.Ask your asset protection attorney vs salesperson for a quote on the cost to defend, and how much it will cost to move title to the shells.Find out if moving the title creates a taxable event for you with the IRS re.

You can even create a balance sheet if you want to get crazy.I definitely recommend scanning all of your documents associated with the rental using a free app like Genius Scan and get those into some sort of digital document management platform such as Google Drive, Dropbox, etc.

I know Sherman Associates have completed a number of affordable housing projects in Duluth (and were recently navigating another under construction in Lincoln Park that ran into some difficulties).

A great way to start is by attending RE events and joining a local investors association.

For example, the National Association of Realtors (NAR) reports that around 10% of home sales occur without being listed on the MLS.

They can be 10% down for RE associated with a business.

Reminds me of the late 70’s early 80’s when the National Association of Realtors declared that within the next 10 years 50% of the homes sold in the U.S. would be some form of attached housing.  

TN real estate groups and associations, Meetup.com, etc.