I thought it would be a good topic to discuss and was just curious if it's common Nationwide.

A good network will help you fine-tune your approach and avoid common pitfalls.Hope this gives you a solid foundation to get started!

Acting like a broker dealer is scarily common.

The way that item 2 specifies a specific LLC scenario makes me think that item 1 is referring to non-LLC corporations.

This will cost you about 1-2 points depending on your scenario.

Street by street scenario really 

Have had quite a few clients use their 1031 exchange funds for a single purchase or multiple purchases (like you're planning).We coordinated same-day closings for financing on the multiple-purchase scenario, but I'm not entirely sure if that is a necessity.

This was very common in 2008-2011 when values declined

But, again, if you friends  in Indy know a thing or two about investing and can partner with you, where you both have a financial stake and they get "more" of the pie relative to their equity contribution in order to oversee the success, that would be the ideal scenario in my book.As for broadly in markets, both are considered pretty good.  

Think Euro, but instead of common trade and societal alignment, instead common trade of resource, international resource, and alignment in such.