Do we have anyone that has personal experience with a 1031 strategy that is sponsored by an UPREIT?

My first suggestion is to get them to write down an investment strategy. 

@Simon HorowitzNavigating the New York real estate market can be challenging, but with a focused strategy and strong networking, you can make significant progress.

It has built trust and now I invest in my SDIRA in real estate and he invest in stocks but the airbnbs is one of the many real estate strategies and happens to the one he could get behind.

This deal aligns with my strategy of adding value and achieving robust returns.

And while a 1031 exchange isn’t an option, some people explore alternatives like installment sales to spread out taxes or even tweaking the investment structure so your returns are treated as interest instead of equity.There are definitely some creative strategies out there. 

To say I am shocked is an understatement.Finally, when I sought out their tax strategy services, I specifically asked in the informational meeting if I wasn't acting a little prematurely, and if I should wait for my partner and I to be married in 2024 before making this investment, i.e. if tax strategizing would pay for itself in 2023 via significant tax refunds.

Looking for any input or advice on how this strategy actually works.

Nightly rates: Yes, but the benchmarks should also be lower.Year 2 turnaround: What strategies could we implement to project a higher ROI in our second year?

I have a strategy that would work great for you.