Quote from @JD Martin: My long term rentals may be boring but they've made fantastic returns.

The benefit to the seller is that they don't receive all of their capital gains in the first year, but they will pay as they receive their money. 

Learned sooo much about the process, took us 2 years to do it all only on weekends and holidays.

Your 1031 QI would have to buy/hold the land and do all the construction BEFORE you owned it. 

My wife (she picks all our STR stays) would not rent a STR in that type of area in any City but we are not everyone so take that with a grain of salt.

Hi Kedric,First of all, congrats on getting this far!

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.

There are people located all over who could help you locally. 

But did create issues of determination of value when distributing the assets of the LLC because all properties are probably not exactly equal in value or equal to a members % interest.But either of these can be made to work for you in the situation you describe.

All offers and contracts where you act as the principal also need the disclosure.