Makes running the numbers a lil more difficult 

It's a great tool to learn more about real estate though, and help you decide whether or not a full time career in this industry is for you. 

So, the real estate broker/agent would have to inform the seller of the fair market value of their home, making it much more difficult to earn a profit larger than what a real estate commission would be.  

1031 exchange sounds good in theory, but you need to do it in an area and at a time where there is inventory to choose from because once you identify the three properties, you have to close on one of them which is very difficult in a competitive environment.

I’m 25 years old and early in a tech career.

Those are difficult to come by so I’m keeping my powder dry and investing through my brokerage right now until something pops up.

All of my properties are in LLCs and pretty much have been for my entire career.

I have made a career of telling people no and not worrying about it because it's the correct answer.On the inside, the core value I push the most is family.

Second issue is that it would be really difficult to cash flow, while paying both notes, especially with one lender in second position (which would most likely have a higher rate, plus points to offset their risk.)Now if you got the property under contract for 75% of the market value, which means you would have built in equity, and willing to personally guarantee (full recourse) then yea it may work out.If it's a good enough deal then you could even bring in an equity partner. 50 percent of a great deal is better than 100% of no deal.Cheers! 

I realize I should have done more due diligence, but I trusted RTR, and now I’m in a difficult situation.