A very common tactic is to change classes of real estate using the 1031 exchange to capitalize on cycling stages of different types within a market period. 

@Chaz Mathias The emerging markets moniker popularized by Lindahl doesn't really apply in this stage of the real estate cycle where everything is hot. 

Maybe arrange your financing ahead of time for a second deal and put 30% down on another identical deal. you’ll still have half a million left for reserves or a third I dentical deal if you have other reserves. 

The seller wants to sell at closer to retail and it’s currently more at the wholesale stage.

That shouldn’t be a major hardship on the owner or tenants, it’s the basic arrangement they have now but in writing so everyone is on the same page.

At the begining stage you shouldn't even be worrying about this, but there you go.  

We had a friend in upstate New York who could only build his house in stages because if he knocked it down he would not be allowed to rebuild. 

Or the loan could be taken out on a duplex, that is then later converted, with some other pay arrangements?

The 2 day training was all pressure tactics and they use your emotions to get you to sign up for the expensive program which was held in CA where they present on a huge stage with lights and music with a party atmosphere.  3 days of partying and only enough content to demonstrate some possibilities in RE.

I figured out what people wanted given their various stages of life and circumstances.