This being  said, don’t take my words fit the truth necessarily as I have no crystal bowl.

As mentioned, ensure that client is working with a lender that will refund any remaining 2/1 buydown funds in the event that they refinance before the 2nd year is up, since my crystal ball says that's (beep boop boop) about 87.2% certain to happen (Barry Habib, two three time crystal ball award winner [literally, and among other accolades], agrees btw, though his crystal ball unlike mine does not have the scienterific precision to pin it at 87.2% exactly).

@Crystal Schmitz Those I've known to go this route have worked with private lenders in the past for their deals on a smaller scale.

There was a lot of little tracts of west Texas desert land that used to be added to deed swaps to make the valuations work out back in the day.The reason for a 1031 in this situation is that it provides crystal clear direction and documentation. 

Quote from @Crystal Pace: Thanks @Sarah Kensinger - this is a luxury RV lot that is gated and right on the water.

Quote from @Crystal Smith: Quote from @Sam McCormack: Simple question, what are you looking for in a city to invest in?

Quote from @Crystal Smith: Quote from @Madhur Mehta: Hello everyone, I have been grappling with the below question for the last few weeks.We have a condo in downtown Chicago that we bought for $150k 10 years ago which generates ~$900 per month on Cash flow.

(Practically, expect an eviction proceeding with this situation, and be pleasantly suprised if it doesn't come to that.)Lastly, make it a point to make each mistake only once, so tighten up your leases moving forward so everything is crystal-clear for the next time.Good luck!

Quote from @Crystal Smith: Quote from @Jay Hinrichs: Quote from @Paul De Luca: Quote from @Nicholas R Foster: Quote from @Paul De Luca: Quote from @Nicholas R Foster: Hello Bigger Pockets family, hope as is well! 

There's certainly no right or wrong answer, and as you say, everyone has their own opinion, but generally I think you will find most people on this site having the opinion that such an involved structure may be overkill (of course, no one has a crystal ball either).California is generally more cumbersome than other states when it comes to taxes and filings.