Everyone knows Starbucks, great brand, but their buildings are expensive to build and more often than not, the want the developer to carry the lions share the cost of development in exchange for higher rent.

If they’re paying 85% cash, like from a 1031 exchange you have almost zero risk and 6% is fine.

How does a 1031 exchange work in this scenario?

I would bet that the majority of real estate investors have an equity portfolio where they have no clue about what the companies that they hold do or how they make money.  

That would be your best bet to kind of get the best of both worlds.

Willing to exchange my willingness to cold call and make sales calls for your advice and feedback on strategies and techniques.Best/Connie 

I then kept the condo rented for four years and then sold it and did a 1031 Exchange to properties out of state. 

Hi all, I want to get out of the real estate game and do a 1031 exchange to roll my equity into a home that I will eventually live in after the 2-year required rental period.

If it's an investment property, then I think your best bet would be to move the property into an LLC with you and your parents.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.