Clearfund, you’ll have to excuse my ignorance, but aren’t you supposing everyone doing an exchange has a loan. What if you’ve paid off your loan, and/or are a cash buyer? But whatever, I take your point that TICs being a vehicle specifically designed for exchanges. Getting back to LLCs, and pool investing, I’d (and maybe others here) would like to know a little more about how that works. Risks vs rewards etc. Hope you don’t mind using the forum? PM me otherwise.