Like these illegal immigrants, those will deflate multifamily and single family demand.

Very Simple @Jaren Taylor.You need an SEC attorney that specializes in Syndicates  and more than likely a transaction attorney to set these up for you. 

I would absolutely use an attorney to facilitate this type of transaction.

Do they require payment on site or do they give you a certain number of days to close the transaction?

I'm working on my first transaction.... we shall see.  

Most deals I work, I find that the most inexperienced party in a real estate transaction will end up losing 4-10% of the value of the home in the transaction because they don't know what they are doing. 

The risk to my business is much too high just so the agent can make a little more money on the transaction. 

A lot of wholesalers are in the business of short term transactional deals where they can make $10k here and then never speak to the buyer again.

The QI will facilitate the transaction by holding the proceeds from the sale of your New Jersey property and using them to acquire the replacement properties in Florida.Make sure to follow the 1031 exchange timelines: you must identify potential replacement properties within 45 days of selling your New Jersey property and complete the acquisition of the replacement properties within 180 days.  

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.