You'd have better luck asking them to give you a free toaster in exchange for opening up a checking account.If you have the liquid funds to purchase the property, present a fully executed purchase and sale agreement that can close in ten days or so.

So you'll want to do a 1031 exchange to avoid all of that capital gains tax and depreciation recapture. 

Some people prefer to focus strictly on raising capital for other sponsors deals in exchange for a share of the GP or LP.

If all partners agree, can the JV 1031 exchange from this property to another, or do the individuals each 1031 into another "like" investment?

The word syndicator comes to mind, but I don't really think that's what I'm trying to do.I'm a little foggy on the legalities (aren't we all) of providing my knowledge and time in exchange for equity or fees.

Would this be foolish exchanging a job that pays me biweekly and gives me good pay (annual salary is around 70 k)  to be a Realtor? 

Off market sellers may be more willing to sell below market, in exchange for a quick close, due to personal or financial circumstances.  

If you let them totally cash you out the money you get may qualify for a 1031 exchange.

One advantage of the TIC is that an owner can sell, or a potential buyer can buy in, using a 1031 exchange on just part of the property.

They've been doing this for many years in exchange for the rentals when she passes.