I thought I made that clear when I stated this is a GENERALIZED example property leading to a discussion on the merits of temporary negative cash flow due to the 100% financing.  

If I get ready to sell, I'll need to see if a market value sale, the cost of a Realtor and possibly some light repairs will merit what these other offers might bring.  

Let an expert decide the merits.

Although we’ve argued the merits in this forum before.

On the other hand, Realtor® associations in cases in state courts in Las Vegas, New Jersey, Kansas City, Missouri and Long Island, New York elected to litigate the issue and ultimately prevailed on the merits or in a settlement, although only the New Jersey case resulted in a published opinion.7 Another case in Federal court in Long Island, New York was also settled on terms favorable to the MLS and association.9.

Seller financing is great but not so great that it merits paying more than a property is worth.  

I researched this concept over 10 years ago and did not find any merit in doing it.

I would prefer to either borrow money and spread out my down payments, or buy for cash and refi based on the property's merits/income, but every lender I talk to wants income to carry the property.

Hi Mike, there is no IRS approval letter that you receive (say for like an S-Corp election) but you take the tax position that your transaction meets the merits of a 1031 exchange when Form 8824 is filed.

transparencyresponsive and quick--better a short no than a long maybewilling to look at each property/purchase on its own merits rather than their pre-made check list.Notice I did not include "rate" in the answers.