Two 1031 exchanges into one deal?

[Robert Belz]

Hey BP,

I'm hoping to get some advice on a 1031 I plan on using this summer. 

Once the lease expires on a SFH I have, I plan on 1031ing the proceeds. My business partner plans on doing the same thing on a similar timeline. We'd like to 'partner' up on the next Investment property, understanding this can only be done as long as we are 'tenants-in-common'/co-own the property.

That said, I'm concerned we are not tracking 100% of what needs to be done to make this successful.

I am familiar with the high level facts of a 1031 (like-kind property, 45/180 day timelines, value must be greater, etc) and would really appreciate any suggestions that are out there specific to this scenario. If anyone has done this before, it'd be great to hear any lessons learned!

Thanks for your time.