Make sure you set it up with a 1031 intermediary like Dave.

Your Qualified Intermediary gets the check.

And the 1031 Intermediary I used did not seem to want to give me an answer either. 

In addition to that will be the qualified intermediary who has to be an unrelated party to everything else and can only do the 1031 part of the transaction. 

A Reverse 1031 just made sense:  qualify for a loan (hard money), find a property, close on it then sell the exchange property and give everything to the Intermediary to sort it out according to the IRS guidelines.   

One way or another, you would need an 1031 Qualified Intermediary ( QI) to hold the funds in an escrow account.

Since being involved in the exchange process as a qualified intermediary, I have learned much more about 1031 exchanges.

You need to schedule an inspection by the intermediaries inspector prior to each payment.

We originally agreed on a $15,000 closing credit, but their qualified intermediary advised that they do a price reduction instead because a credit would have tax implications for their exchange.

I'm looking for someone that can provide some advice, or a qualified intermediary, in Miami.