Quote from @Sofia Komrskova: That sounds like a bad idea.

It sounds as if you have a property management issue on your hands.

If the work needs updates, that’s where it can add up, but $30K sounds like a reasonable cushion based on what you’re describing.It sounds like a solid deal, especially if the cash flow is good.

Never heard of Investor's Edge, but this sounds like a straight up scam.

Doesn't sound like it would be too difficult to get funded.

Sounds like with are under charging our owners by thousands of dollars or they are trying to rip you off.

This sounds like an incredible learning experience!

That duplex sounds like it has some potential, especially with your plan to live in one side and rent out the other—that’s a solid strategy.

Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.

Always ask, could you be replaced by a realtors listing?