If/when tenant does decide to buy it, lets say the total sum between rent credits and purchase option payment was $8,000, you can either take $8,000 off the purchase price or as i would prefer, keep the purchase price but produce a receipt as if the tenant already gave you $8,000 in EMD toward the purchase price so it would count as part of their down payment and make it more manageable for the tenant financially to execute the purchase.

Depreciation is real, though over such a short hold it shouldn't cause serious expenses, and executing a 1031 on the GP's schedule is never guaranteed. 

The Wheel has generated a lot of buzz including being named the Travel and Leisure Magazine's 12th best diner and the owner, Savas Logothetides, is very involved in revitalizing the downtown.

I have had some luck with MTR's as well, either direct booking or FurnishFinder, for seasonal workers, traveling nurses and snow birds, so thats something you can look into as well. 

This financial strategy enabled timely project execution and ensured the necessary resources were available to complete the renovations.

But it's kind of like saying "does anyone want to back me in building a five star hotel" which you're probably not going to get any traction, unless you have a track record of working for a five star hotel developer for a few years and can demonstrate you truly know how to execute that type of development. 

If it's an auction we have just dealt direct with the auctioneer.Maybe on your first deal you have an attorney do what you call "dirty work" but the best way to learn is to deal with the owners directly yourself, get permission to deal with the bank and execute the transactions on your own. 

The hard path is the one least traveled and most rewarding.

Both on the purchase end and in the execution of who is going to handle your properties.There are a lot of PMs that take on hard to manage C and D and do well with it because they know they are going to be able to charge all sorts of fees to corral these types of tenants. 

Let's say you execute a P&S with the property owner and give them an EMD of $500.