I attended one of his events with another investor friend of mine.

I am based out of NYC, but am currently active in the WNC market and I travel down quite frequently so would be interested in attending in-person events as well.

Go to learning events, workshops, or classes.

@Nicholas LIt appears that you are conflating costs and expensesCost is typically a one time event while expenses occur on a daily basis for line items associated with the operation of the property

"Bad guy" doesn't know for sure who owns it, and in any event, he now has to forge a trustee's deed to do something with the property.

And there’s legal risk, the risk that either through insufficient documentation, or adverse court decisions, the creditors ability to obtain ownership of the secured collateral in event of default is compromised.  

At the end of the 1031, the LLC is dissolved and the properties (or cash) go to each of the former members.This is not used often anymore for some obvious issues - First, finding properties to match the valuation of the members interests is very difficult.  2nd, in a partial exchange there will be a tax event to the LLC that needs to be passed along to the former member that does not want to do a 1031 exchange and gets cash instead. 

@Jamall Lynch Planning for capex events is good once you have a property and want to keep adequate reserves to handle a large capex event.

In the event you miss calculated your equity potential, you should be fully ready and able to settle the transaction or be prepared to lose your initial deposit. 

Her children are elderly now but family bonds are strong and they still love gathering together so would love a gather spot of retreat like spot for them to sit and perhaps for family to go on holidays for events.