.  ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------  As implied by this Post I am worried that my current loan structure is subpar to what I should be shooting for.  

Deal structure is very important so that you have enough equity protection to secure your principal loan amount.

An experienced agent will be able to look at the structure and mechanicals and give you a good idea of what to plan for. 

Deal structure would be leverage GP/LP equity for A and D and vertical construction debt and then refi to perm and hold the asset.

It looks like this company:https://archives.fbi.gov/archives/philadelphia/press-releases/2011/loan-processors-sentenced-in-mortgage-fraud-scheme

I've come to terms that some negative cash flow is to be expected in my market, just trying to minimize it as much as possible by structuring the deal.

The replacement property doesn't really get depreciated under the 1031 exchange.Hi Benjamin,I'm hanging on your last sentence.

Right now, we are stuck on setting up our LLC/Structure in order to work towards this strategy and want to be sure we do so the correct way before getting started.

Before you are allowed to see an offering structured as a 506(c), securities regulations require that an advisor determine your suitability for an investment, disclose investment risks and give you a chance to ask questions.  

The better ones seem to have a dorm room structure of cleaning and caring for the units with chore assignments.