The 1031 is designed for properties held for investment purposes vs. properties held primary for the purpose of selling (short term).

My partner and I purchased/held/flipped over 1.5 million in SFH and duplexes over a 2 year period about 7 years ago.

Have held it for a loooong time. 

Also if you can require a amount of someone is not paid to be held back from the seller since they are basically handing you a possible eviction.  

I'm not trying to twist your arm or anything, but high quality properties are not the PM headache that a lot of people cry about.2) Generally, I would say somewhere in a range of 10-20% of your investment capital should be held as a cash reserve. 

The quit claim deed is held in case the buyer defaults.  

I made sure to point out that conventional financing would likely lead to a waste of time and additional work on his end, and he understood because he held many properties.

Also, they have never held a mortgage I’ve done with them.

the monthly cash flow would be positive but slim margin if i moved out but held as rental. 

Our 2800 sq ft commercial was $18,000 with fiberglass sheeting over metal but has held up well over the last 8 years.