The act of taking out a mortgage alone does not create any tax benefits other then writing of a portion of the interest incurred for that loan.

He is ok with the exclusivity portion, after all the agent deserves security that they will get paid for their work, but the indemnity clause looks a bit over-the-top. 

But even with doing all of that, you most likely still will have to pay a portion of the mortgage as its very very hard to cashflow in California.

And lastly, no need to give away delta if the seller isn't asking for it :)I am working on getting them to seller carry a portion of the leftover balance.

He was fined for other things, just not the ins portion....the city claims they have no responsibility to call each co to verify the information on a permit thats being pulled...I def agree on your last point.

I am a young investor looking for a less risky investment for a portion of my 1031 exchange.

In an IRA the financed portion of the property triggers whats called UDFI (unrelated debt finance income) which triggers UBIT (unrelated business income tax). 

Your team can make or break your deals, every successful investor will attribute a large portion of their success to those who helped them and they learned from.

Some of our clients have opted to pay capital gains tax on a portion of the proceeds and use that money for the renovation.Not all purchase contracts include the 1031 exchange language.

They will often tear up the house, not pay their portion of the rent or utilities.