They seem to be a financial planning company with a bend to aggressive investing in alternative assets.  

I only allow tenants to pay on the 1st of the month but I would consider alternate payment schedules dependent on the situation and tenant if they asked.

They called me wanting to look at commercial as an alternative. 

Alternatively, do the risks outweigh the benefits of $500+ cashflow plus 30% day one equity and less than 2k out of pocket?

Perhaps slightly higher from an alternative lender but definitely not from a credit union and expect much higher fees.

There're some alternative planning approaches, but they are always case-by-case.  

Each individual owner can have their own Deferred Sales Trust:, the assets of which can be managed to each taxpayer’s own individual risk tolerance and preferences. 4) A 1031 Exchange alternative or rescue- Unlike a 1031 Exchange, the proceeds from the sale do not have to be invested in “like-kind” property in a very short timeframe to achieve tax deferral.

I wouldn't plan to have all of them in 1 market anyway, so I'm always open for alternatives. 

Could be a good alternative instead of selling. 

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?