Accepting even a small amount can complicate the eviction process and potentially delay your ability to terminate the lease in court.

For a relatively "safe" creative financing, one needs serious reserves (lots of moolah) and the ability to sell or refinance quickly when one of those "hiccups" occur.The gurus usually collect a large fee, from people who have neither money, reserves, nor experience.

If there's a family member or friend in a similar situation, and you can both align on the initial plan (location, home type, price, usage/occupancy, etc) you can pretty easily get a co-ownership agreement in place and even a joint mortgage.The benefit here is it might open up your ability to buy a larger place in a nicer area which could lead to a faster rate of appreciation and overall better living environment. 

You may have more ability if you have any previous 401k's from previous employers?

The other disappointment as a prospective investor in PPR is that his book could not be more loving of leverage and the ability to maximize returns by using OPM.

Your credit at risk and might affect your ability to buy a home in the future. 

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

Originally posted by @Chris Seveney:@Charles RobbinsI would say the ability to get a note and mortgage to acquire a home has helped a lot more people than it has hurt.

It is a podio based crm with lots of cool abilities.  

@Collin Luckett  Just adding, if you have the ability to fund with your HELOC, it would be far cheaper than PML or Hard money.