@William Kwong Great details you provided here, as I was able to take alot from this as I decide on some renovations on a 3 family here in JC.

If you are paying off a 3 or 4% mortgage, why not just take the additional cash and transition that into assets that provide a 8-10% return.

The sellers have not been responsive when asked to provide that information, which is why I was wondering if it's a typical practice prior to submitting an offer. 

Splitting the almost nothing with a provider does not make as much sense.

I invest in properties that provide both cash flow and appreciation.

I used to ask the customer to provide me with a SOW.

This will provide a better reflection of the property’s true market value based on its current use.DM me if you need more insight

In your scenario, selling the relinquished property for $450K after completing a reverse 1031 exchange will allow those proceeds to repay the intermediary without triggering capital gains taxes, provided all exchange requirements are met.

Keep in mind this is sponsor-provided material, not something that the site discovered through research, nor verified. 

No need for a land trust since the WY will provide the anonymity needed.4.