The pricing is very competitive and I feel like if I drop it any more, it just won't make sense. 

In the sense that I think it should be used, it means that the risk was taken by someone else.  

@Simmy AhluwaliaMakes sense!

You being a “partner” and then paying the “profit” to the builder makes no sense.

That makes sense.

I understand there is a lot more that goes into this process but I'm just curious if it makes sense from the most basic viewpoint for starters, thanks for your input! 

In the end, if your going to sell the property soon, then the refi might not make sense.

Since 1031 is tax deferral, I assume the gain is calculated with the likely substantially lower basis from the pre 1031 property acquisition + additional cost over the years.And yes, recapture all depreciation ( on both prop before and after 1031) make sense.

Many of the higher priced options offer stronger networks than they do coaching, so you're really paying for the network more than you are anything else.It sounds like you already have some knowledge of real estate from your past experience. 

If your ultimate goal is to buy and hold long term I think it would make sense to pursue that strategy and try and make it work.