Any advice on how to navigate this while keeping the deal intact or potential transfer of partners would be greatly appreciated!

Would like to know if I should sign up to accept the money, and I believe I will need to link my bank account. 

I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.

and the demand is amplified when it has a proven rental history, furnishings and a transferable or easily obtainable STR permit.

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account. 

Is there a pre existing loan with that bank with either of you?

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

RM (and most other good management software) does double entry accounting, imports bank info, has reconciling functions etc.

Total profit less closing costs and commissions will be about 42,500 each or 85k total.I would for sure get a construction loan, may be worth approaching 2 or 3 different banks and getting separate construction loans from different banks. 

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.