I just find it odd you can't bring yourself to say you do or do not own certain properties.

On the 2nd thought we are getting into a busy season.

My father is also well connected with an investment group and want to start a flipping business, but doesn't really know the business.

The LLC question was Bill's assumption, I didn't bring that LLC structure in my initial posting because I didn't want to complicate things...but you both are right, it is part of the question (although not from, or not only from the 1031 exchange perspective): what is the best structure to hold these properties?

I think furnished co-living/pad split would be a combination of both.I have the students find their roommates as I do not want to be in the “roommate finding “ business and I don’t have any house rules as they rent it as a group.

I'm quite disillusioned with the situation here in Spain, and here are a few reasons why:- We have a socialist government keen on hiking taxes and undermining businesses.- We're grappling with the social phenomenon of "squatters", individuals who don't pay rent and the government allows them to live in your property rent-free for 24 months before eviction.- Spain's population pyramid is a mess, with sky-high taxes and increasing insecurity in many areas.- The rental yields in premium zones of central Madrid barely reach 3.5% - 5% gross due to government policies, such as the rental index imposed by the socialist government.For these reasons and many more, I'm considering investing in Miami.

I bring up new paradigm here :it's because of too much expansion of money.What I mean by that is because we have lot of money increasing floating around with downpayment as little as 5-20% can already purchase a house with 30 year fixed debt, the number of potential purchasers are increased by a lot, while supply is diminishing, the amount of liquid hard money is increasing, and liquid money is always going to hard asset like residential.if you cut 30 year fixed program and gov no longer print money, the buying power would reduce.

Some would bring me 10, some would bring me 70.

Essentially, I am looking for a strong market where I can duplicate my business. 

My business model is similar to the sneaker heads who resell Jordan’s, so it can be volatile which concerns me.