What did you exchange for their mentorship?

At this point the only reason I would considering selling my Memphis properties is to complete a 1031 exchange into an apartment complex or some other multi-million dollar property. 

These are the kinds of mental exchanges that take place at the graduate level, one third fantasy, one third conceptual subject matter and one third ego.

And that allows me latitude for a zero or smaller than 8% increase; which makes me look good :)Now, there is another way to get more rent in an increase, and that is to find out something that the tenant really wants - and to give that feature to the tenant in exchange for a rent increase.

The city requires reoccupancy certificate every time the property exchanges hands.

My wife and I just got offered a position to manage a small building in exchange for free rent.

That includes marketing, move-in/move-out inspections, key exchanges, running a credit check each time?

Overall, this strategy is less work, less risk, and earns a higher return than the stereotypical turnkey duplex.Alternative 2: For those willing to assume more work and risk, in exchange for a higher ROI.

I don't mind giving up several percent in yield in exchange for build-in equity.

Should I do a 1031 exchange or not on this because I know its costs some money to do a 1031 exchange.