That's rescue capital, but at the last minute PM pulls out...so not sure where those deals stand now.   

Recently, the California FTB Notice 2019-05 has officially put taxpayers and Qualified Intermediaries on notice of its position that the “fallback,” “1031 rescue,” “Deferred Sales Trusts,” “Monetized Installment Sales,” and other quasi 1031 / 453 conversions are invalid.Ultimately, many real estate investors want to get out of actively managed rentals and into securities, but the 1031 exchange is the only widely accepted way to defer the capital gains incurred through real estate holdings.If you are talking about a Deleware Statutory Trust, that is a completely different conversation.

also there are some pretty strong laws on the books in CA OR and WA about this type of predatory transaction I would for sure consult with an attorney and get to know the statutues regarding foreclosure rescue before going into this thinking there are no laws its heavy fines . and criminal if you do to much of it.

I also worked for Hollywood fire rescue so I know that city well.

To reconfigure his deal in a means that would bring in his father's money as a rescue, regardless of how that was structured would be hard to justify within the IRS rules. 

They will be the ones that couldn't secure pref equity into the deal to keep it afloat longer, which would imply the deals that can't source pref equity/rescue capital are those that are generally too hairy to want anyways.

Mom was a rescue diver and Dad was a drug interdiction chief.

I am Captain/Paramedic with Fort Lauderdale Fire Rescue (Florida).

Is it to be in a position to start your own animal rescue clinic or maybe its just so you have more free time to travel and surf.Find your WHY, remind yourself of it on a daily basis and commit to action.

I've spent the last few years doing mostly volunteer work with the last year spent volunteering in the Philippines where I worked as an undercover operative rescuing underage girls from exploitation.