They offer unsecure loans, not using any collateral. 

I hope you were successful and would appreciate an update👍 Not to hijack the OP’s post, but I currently have accepted offers on two duplexes.

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

On the other hand, establishing separate LLCs for each of you, along with a formal agreement offers greater asset protection and flexibility.

Once you find them, I recommend making two offers - a subject to offer and a traditional offer, which will likely have to be a short sale in most situations. 

Would it be fair to offer the price the owner was asking before this most recent unfortunate remodel?  

Long story long, call me a ‘one percenter’ because I made it through interview #1 and was accepted into the program by the director—pretty cool, or so I thought.Immediately upon receiving an ‘offer’ to join, I was emailed a “Real Estate Profit Sharing Agreement’ to review and sign on the spot.

I would hit up the big ones, New Western and Fair Trade seem to be the biggest that would potentially offer an internship/mentorship. 

This depends on how connected you are for investment opportunities , of course.The mortgages offer tax advantages and allow you to leverage your capital.

most people want to look at 3 properties, make 1 offer, and be done.