Any suggestions I appreciate in advance.Worst case, I'll just create something for him and walk him through things as he goes, but I'm thinking, why not document it for us both (no plans to publish or anything though)!

The way I'm looking at it, if my spouse and I only do employer matching for the 10 years we would have more than enough in there and still 10 years out from being able to access it.I do plan on doing 401k loans for deals if the numbers check out, and I've considered rolling over some of our 401ks into roth IRAs to access our contributions but we'd have to pay taxes out of pocket (a big hit to cash flow) and we couldn't touch it for 5 years.  

I am considering moving back as I have family there and if so would plan to look for fix-n-flips to invest in. 

Best wishes on your plans!

The sellers plans to exchange will not affect you or the terms of the sale.

Sometimes the tenants plan on paying a month's rent at two places to allow a less-hectic move. 

How long are you planning to do this approach?

Thanks  @Greg Scott   I was planning on getting an appraisal. 

When you are getting into raising big dollars from sophisticated investors they are going to want to see a track record and a well thought out and detailed business plan.

DSCR is available for an LLC to use for purchase and cash out refis as long as you never plan to occupy the property yourself.