So I can accept the proceeds from the two party check insurance will send without penalty of “tax on boot”?  

Thanks Joe, We’ll check those out.

He hasn’t even opened up a checking account yet.   

It's easy to use Zillow to check yourself!

I cannot check a box.

Make sure to check local MTR regulations, and identify multiple properties within your 1031 timeline to stay flexible.

Don't chase the market to the bottom.And Check current comps before you make that offer and close on that new purchase. 

Option 1: Lower Down, Higher Rate (10-15 Year Term)For the Seller: Steady cash flow, better return than banks/CDs, avoids capital gains hit all at once.For You (Buyer): Lower upfront cash, keeps more liquidity for operations, long-term financing stability.Offer Price: $2.2M (Full Asking Price)Down Payment: $220,000 (10%)Loan Amount: $1,980,000Interest Rate: 8% FixedAmortization: 25 YearsTerm: 10-15 Years (Negotiable)Monthly Payment: ~$14,846 (P&I on 25-year am.)Why It Works for the Seller:They get a consistent $14,846/month income instead of a lump sum that could trigger taxes.8% return is way better than typical bank investments.Avoids broker fees (~$100K savings).No property management headaches—just collects checks.

My CPA told me to check out this company, but they claim to have been around for decades but only have a few trust pilot reviews... all in the last few months so I am unsure.Has anyone ever heard or used them before?

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