If you have 16k cash and can afford the holding costs, live nearby and can keep the property and rehab materials secure it might work out.

Jason - I may be able to work out some kind of arrangement with my father as a partner.

Otherwise each sale will be it's own exchange with it's own calendar and reinvestment requirements.But it's perfectly fine to combine two 1031 exchanges to purchase one larger asset as long as the valuations work out. 

I can sell it to him out-right and he can mortgage with 20% down but with my [limited] understanding of lease options I thought I might be able to approach him saying he could buy the option with 10% down and work out the other terms.As Brendon mentioned, it sounds like it might just be more hassle than it's worth and I don't want to put him off trying to force the L/O. 

Oh what happens to me if this deal doesn't work out?

What I am saying though as it doesn't actually work out that way in practice.

They don't always work out.

I’m willing to put in the work to find the money and the credit partner.ORI can wholesale the deal make a good profit for my time, learn a bit more about Multifamily along the way and ask my end buyer to either let me keep some equity in exchange for a reduced wholesaling fee and teach me the value add process or let me manage the property for the 8% or both since I live down the street.ORI can reach out to Multifamily owners and/or syndicators in my town and work out a structure where we partner either both as GP or I as GP and the partner as LP.

Currently, I've just learned of bigger pockets and listen to a podcast a day during my workout and will be looking into other benefits of the site.

Although, it seemed to work out for her in the long run.