It should only take you about a month or two to contact everyone on your list and then the tough part – you start all over again.Why the repetition?

Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?

Commercial brokers no the process, also know the players in finding buyersIt’s a completely different ballgame.

If your firend wants to stay in the place AND has the funds/income to do so, they need to refinance in their name ASAP (as part of the process), not 5 yeas from now, not if they remarry, not 10years from now.   

I need to do some research on what credit score I need to actually begin this process 

Would like to get the process going. 

You also need to account for the eviction process, state laws etc...

Borrowing from family for a smaller purchase isn't the worst thing.Cash flow has been tough as of late with the higher interest rates.  

I won't just write them all here but I highly recommend contacting a qualified 1031 intermediary to walk you through the process.

@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs.