The Chicago Association of Realtors'® specifically state "When you become a Dual Agent, you owe equal fiduciary duties at that point to both parties in the transaction, and you lose the ability to negotiate for, strategize and advise either one."

.: I would never give the party on the opposite end of the transaction POA over the property, or my social, DOB etc.

@Eric Helena, There is no statutory prohibition against purchasing from a related party to complete a 1031 exchange. 

You are being very conservative to avoid making mistakes, and that is a rare, admirable quality in real estate that is often undervalued. 

If you are very conservative purchase a fixer upper so you can force equity and hopefully have a low enough payment so that you can LTR the property or even sell for profit should the STR avenue not work. 

., signing up for an eBook in exchange for an email address) and was wondering if anyone has suggestions on lead magnets that have been particularly effective in converting interested parties into prospects.I’d greatly appreciate any advice or guidance you can share.

I would advise running your rents conservatively and vet property managers properly before signing anything.

I think this arrangement can suit both parties, he wasnt going to be able to keep the house but can still live there for super cheap.

Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?