So you cannot roll profits from a flip into a hold via 1031?

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Most via our solo 401K.

The only reason why I recommended the non-recourse loan, as you already mentioned, was to protect other properties that have been acquired via private money.

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Talk to a CPA about this as I'm sure scenarios will differ.Flipping houses via a hard money lender can find you anywhere from 50-120%+ ROI is very possible, and in the end ROI is ultimately what you're looking for, not necessarily a particular net gain monetarily.

We both live in different states and therefore I will basically be tutored via Skype, phone calls an email.What is usual and customary in these instances?

Easy.You hand over the deal to them and they buy it.You get paid via a third party escrow outside of the transaction between the seller, buyer and the bank.

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If one were paying all cash, they would have an 8% return plus tax benefits with some inflation protection via rent increases, but at the end of 20 years they would not get the principal back, so it's not truly an 8% return.