@Brett Deas,there are several factors here:First, if your investor base is used to specific assets, where they have full(ish) visibility of the asset, convincing them to invest in a blind pool fund is hard.Second, it looks like you graduated high school a couple years ago, so presumably your track record is only 2 yrs old.  

I don't even need to read the specifics.

He is now selling the property and the new buyer says she cannot find an insurance company that will issue her a policy because it doesn't have central heat/air.

I have heard that Flagstaff has specific regulations for STRs, including licensing and permit requirements.

With the several paths that a real estate investor can take, I see a future of various possibilities where I learn how to profit personal my personal affinities, thus solving my issue of getting bored and losing drive and focus.Recently I went through a divorce.

The issue with our loan would be that there is no collateral since our loan amount would be more than the land value itself if anything were to happen.

There are specific requirements that need to be met for a 1031 exchange, so here’s the IRS fact sheet for further detail.

They are specific to that immediate area. 

If it is being marketed properly, it is move in ready, then it will come down to a pricing issue.

Since I have trust issues, I buy notes.