Selling costs would be 8-10% of the sales price but there should be an estimated proceeds sheet that would show you costs.

Quote from @Paul Lucenti: We just closed on our 9th deal and first of 2025 - sales price was $115,000 and total monthly cost is $890. 

@Tony Thomas So, is the seller increasing their sale price in exchange for a 0% interest rate?

Investors Receive "Restricted Securities"Syndication investors receive restricted securities, meaning:They can’t freely sell their shares like a stock.They must hold the investment for a certain period.Additionally, you must file a Form D with the SEC within 15 days of the first sale of securities.

I had the initial call with a PadSplit sales person, but I wanted to talk to somebody who's actually doing it to get their perspective and advice.

Found a property which is Sheriff sale, really promising.

As David indicated, look for properties before you close on the sale of your relinquished property. 

Purchase price: $155,000 Cash invested: $60,078 Sale price: $275,000 Fix & Flip property in great neighborhood in Saraland, AL.

Purchase price: $137,000 Cash invested: $90,000 Sale price: $285,000 This was a single family home in Bates Hendricks.

The other part sounds like it was a rehab and now held for sale, which does not qualify for 1031 Exchange treatment.