There’s a lot of misinformation out there that is presented as knowledge.One can do a reverse exchange where one buys the new property first and then sells the original property after - all via a 1031 process. https://www.investopedia.com/terms/r/reverse-exchange.aspReverse exchanges do exist and they are “legal”. 

What he's presenting is lopsided in his favor, and giving you peanuts for it.

I would be VERY (VERY VERY) leery of forking over ANY 5 digit sum to someone who says they can help you like that.  

About 10 or 15 minutes of the presentation was devoted to a 'sales pitch', which was more of an overview of what is included in the Challenge plus some success stories. 

Marv, I have been doing digital marketing in this space for the last decade.

There have been many threads about the opportunities Detroit presents.

My idea is to purchase a property with a division (or the possibility of one) so I can place her in a small apartment 1/1 and rent the rest of the house to offset the Mtg as much as I can.As things are today its been impossible to find something that covers it all, Im seeing that I would still have to come up with some cash every month.I met with a lender yesterday and he presented to me an option for a 5% down loan.

Take a hard look at your presentation and materials.

This is the loading question since not all the information is presented.

I found myself attending in-person networking almost weekly prior to the pandemic, but we live in a different world, and the digital shift has made it harder.Currently looking for personal investment deals in the area, and also passionate about connecting other local investors with trusted service providers.