@Seung Oh my crystal ball doesn't show a crash like on 2008 or anywhere near that.

@Scott Chapman I don't think it will dip but I don't have a crystal ball either so who knows?

@Crystal SmithSo my current setup is for my primary residence which also happens to be multi family home.

I think you can see how awesome this can be it’s like a BRRRR with your bank giving you a crystal ball.

Assume the value of damages was crystal clear, if your tenant doesn't like the repayment terms or doesn't want to pay it back, what is your recourse?

There's not enough nitty gritty detail in your OP to speculate on if it would work for you or not, but evidently someone you spoke to thinks they can make it work.I'd suggest checking with whomever you spoke with, see if they will submit to underwriting with ALL paperwork (be crystal clear on your willingness to provide all paperwork) but no appraisal order.

I don't have the requisite crystal ball to predict that. 

@Ahmed Let's be clear as crystal about WHEN attorney's can act as a 1031 qualified intermediary as THIS IS COMMON MISCONCEPTION.

@Crystal An I think it’s best to have as many sets of eyes on a property and what kind of work that needs to be addressed before actually purchasing a home that needs work. 1/2 contractors and 1/2 inspectors at the very least if the investor is inexperienced.

@Crystal SouzaReturns are all subjective to the investor but we focus on cash-on-cash returns of 8%+.