And nobody is telling a lie in the transaction. 

it ignores (1) all the costs that have to be expended simply to process a transaction, and (2) the higher maintenance costs you will be incurring in that type of neighborhood. 

In the 80's they were the go-to transactional method. 

I can also document that I have over 1,000 plus real estate transactions as an agent and an investor.I had two transactions that they just kept lying and telling me and selling me you will have CTC in a week or less, From each of those points it was more than 60 days.I begged loan officer and processor to be truthful.Their failure to close in a timely manner cost me dearly.

While I did not work with other agents or lenders for this particular deal, my professional experience ensured a smooth transaction and effective project management.

Don't expect these people to have anything to do with you once the transaction is over and a lot of bitter, nasty fights along the way. 

He may be actually speaking about a "Wrap".Find out if actual ownership converts to youMake sure you have a title reportYou may want to pay for an appraisal and an inspectionMake sure you use an escrow company or an attorney to do the transaction Hi Ken!

Funny, I was hoping to equip myself with some ideas so I could propose some transaction options to them right off the bat--but I agree with you that that is probably not the right move.

I've brokered a number of 1031 transactions and can help with that as well. 

We have been in business longer than any other company out there and have earned our outstanding reputation over 6,000 property transactions with 2,000 investors.