So it sounds like the two cousins have to split everything 50/50 unless they have some sort of partnership agreement in place?

You didn't share company name?

I know "appreciation" can be a four-letter-word in the BP community sometimes, but in a place like San Diego with SFH cap rates in the 2.5% range, it's just how it is.

Can I partner with someone else and go 50% each on a new property (with my share of 50% equivalent to original Condo I am selling) and do a 1031 exchange?

Look for beginner-friendly courses to build your knowledge base.Networking and Mentorship:Join Real Estate Forums: Engage with online communities such as BiggerPockets, where you can ask questions, share experiences, and learn from seasoned investors.Attend Local Meetups: Look for real estate investment clubs or meetups in your area.

And then of course you'll unload everything and store in a safe place, right?

While this is a lot, I am looking to start with either the stable or the lodging in place and then expand. 

Typically, it should outline what can and cannot be placed on outdoor areas like porches. 

But generally I think areas that are relatively inexpensive with low(er) crime, decent schools, a diversified job market and steady population growth are the best places to aim for.

I appreciate you sharing your knowledge