If you are open to non-traditional methods of financing, you could use a debt service loan to bypass that requirement.

That way they keep their licenses and ratings.I don't see much of a difference really.Don't keep them out as they will get increasingly suspicious and they might pull your permit for non-compliance.

I disagree with asking your CPA what they like unless your Tax CPA is an expert in the same specific industry you are in. 

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now, should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!

I know property managers in every state who use non-refundable application fees and it is the standard for every class of property and applicant.

Do you see any cases where a non-professional could safely participate in one of these with the right approach?

@Chris StrausbaughWhat state as in many states a lost note can still take action - especially non judicial states

It is a older non rehab property but things are straight and roof, plumbing, electrical are all in good working order.

I'd happily accept the former, though the 16% YOY property tax increase would be a non-starter for me.

Detroit espeically.. and in Texas to non english speakers