The attorney used last years tax bill to calculate the settlement. 

You’ll need the 20-25% down payment, but that should come out during your settlement.

You might be able to find one or more of these types to help you on the first few deals.Mine were located through networking meetings and even my doctor and settlement agents. 

Figure at least $5,000 in legal fees to get to the stage of where a settlement is being discussed.

(Q if separate agreement or addendum to original is used, is assignor (me) even involved or needed to sign anything at this point, as end-buyer already has assigned contract agreement of seller.)any experienced, or settlement company, please chime in, in this supposed common scenario, thanks

In Years past this let to a “manipulation” of the numbers appearing on the settlement statement to accomplish the same end your trying to accomplish.

Is your lender able to quote you fees from a variety of lenders so there are no surprises at settlement? 

Hey Guys,I am getting close to the settlement day acquiring a foreclosed property and something came up in my mind about unpaid utilities at a foreclosed property.

And they must be in place prior to the closing of your sale so the settlement statement reflects the 1031 and you do not touch the proceeds.  

A very small % of new investors are able to come up with 25% down on a multi million dollar purchase and still meet the net worth and liquidity requirements post settlement.