But, when your C buyer is financing via a mortgage, how is it that you can have them lined up already?

So raising money via other people and using other means of leverage like bank loans and credit cards are the other thoughts that come to mind.

My criteria are pretty strict in terms of location for a place I want to live:Walking distance to Newport or ~20 min via public transitNear to PATH (<= .75 mi) to be able to get into ManhattanEverything I’ve seen in the forums leads me to believe any properties in areas meeting these criteria are going to be highly competitive, and I only have about $100k to put down on a purchase.

There must be five or six now.Part of the strategy on claiming CCA will depend on how you hold the property (i.e. directly in your name or via a corporation) and your planned length of hold.When you hold property in your own name, the CCA recapture upon disposition can hurdle you into another, sometimes substantially, higher tax bracket {BTW:  The recapture has an inclusion rate, in your income, of 100%; it is not taxed at 100% ;-) }.  

Damien,For a deal this size with this profit potential, here's what I would do:I would put together a list of 100 properties you think would work well for your partner, write a sales letter with the headline "1031 Exchange Property Urgently Needed" or something to that effect and mail it via FedEx Express Saver.

You can get some rent information from the MLS via a real estate agent, in addition to the above sources.  

Don't wait for the meetings find the club website start connecting and networking with club officials and vendors via phone.

The IRA is invested into a LLC that you can control, thus pushing the IRA to the back-end and letting you run the investments directly via the LLC. 

My question is do you think I will have an advantage over the neighbor by offering cash via wholesale deal?

I'd primarily be looking for candidate properties through my Agent/MLS and also off market properties available via wholesalers in the area.As I begin this process, I will building my team and will be looking to get referrals on general contractors, a lawyer, and title company, as well as networking here on BP and at local meetups to find possible sources of capital, JV partners, and potential off market deals.