Here’s what you need to consider:1.Related-Party Restrictions•The IRS generally doesn’t allow 1031 exchanges when both the sale and purchase involve related parties, unless both properties are held for at least two years after the exchange.

And all of the Excel spreadsheets involved.. cumbersome and difficult to maintain.. don't get me started!

BBB has them at a D-  rating because previous similar bad outcome 3- If you are really in the same boat as us, you need to start a class action lawsuit that involves all the investors in that project and/or sent a complaint to the attorney general in Florida that involves all of us get him to liquidate his assets, pay us back and get him behind bars.

Again, there's time and cost involved because they are unlikely to get everything.4.

It has taken four months.Unfortunately, when probate is involved, the process can absolutely drag out.

That's why I mentioned involving the finance/wife in a future deal.

There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well. 

Zillow lost so much money that they decided to exit the flipping business, while most of the OpenDoor properties we see in Las Vegas are sold at a loss.In my experience, software can only go so far when humans are involved.

my last post on this subject.I ran into a small company  6 folks involved  boy friend girl friends  they read rich dad book then went to a guru presentation and learned about wrapping notes which of course is the bizz model your talking about.

Every youtube video I find when searching this problem involves someone replacing or moving an electric box that either hasn't been wired yet or is re-wired.