But a good 1031 professional is going to not only be an instant resource for you to relay questions and answers to but is also going to raise investors perception of you as a competent professional in the field.Even an experienced broker is probably not going to know all the ins and outs. 

The level of sophistication in equities is very high, many more variables at play and plenty of smart highly educated brains are chasing that asset class vis a vis Real estate.

The view from people who do it every day as investors skews the perception of h9w the general public think, feels and fears the process.

This is the low end of a hands off ADU other than converting existing living space.The more sophisticated value add people are still leveraging non-optimized zoning.

If you use private money, remember that they are probably more sophisticated than you and you can get taken advantage of very easily.

This is my perception and I am a newbie; I would appreciate your feedback on this. 

It sounds like the seller has some sophistication and he’s also represented by a broker.

You don't need a sophisticated accounting package that does payroll and tax prep, just basic income and expense. 

Best part is you wouldn't even need to find the buyers, more money if you did but good chance you don't need to.Anyway give it some thought & good luck to you as it's a much more sophisticated way to learn.

Avoid making any decision based on your tenant's age and your perception of what accommodations they might need or you may be guilty of age discrimination or ADA non-compliance.I try to be proactive with this.