If it's a more complicated structure than a single-member then I think the advice above is relevant.Most people asking in this context are usually looking because they need it to confirm a loan for an LLC they already have or just created and don't need anything fancy to start.

NOtes are much more complicated with a lot of regulatory issues etc that buying RE simply does not have.

Regarding the concern your brought up;The ORIGINAL Borrowers impound escrow funds from their Lender that are to be deposited into the Attorney in Fact - corporate account, in theory should be OK BECAUSE;# 1 - They ALSO have a written agreement with the ORIGINAL Borrower on the loanthat they have relinquish any interest they they may have in those impound funds AND # 2  - Did give and Grant a SPECIFIC POA - power of attorney rights to their ENTITY to act on their behalf in matters dealing with the PROPERTY and and the LOAN or any assignee of the Loan.NOW here is a TWIST and POSSIBLE FUTURE COMPLICATION that COULD exist when someone has taken over an existing loan SUBJECT TO that loan and ALSO has a POA and other such agreements.

**Seller’s Financial Stability**: Verify the seller’s current financial standing, as any liens or judgments could complicate the deal.4.

It gets a little more complicated when one factors in income taxes.  

This settlement makes things more complicated. 

It's complicated and poses more risk.

My taxes are overly complicated and worst of all these houses really only break even for us every year.

Sometimes these deals are easy and smooth and everyone agrees, nice, and friendly, and then sometimes when they look easy, they end up way more complicated. 

You'd need to enlist one anyway if you go through with the 1031, so asking someone who really knows the ins and outs of a complicated transaction like this would be a good first step.Best of luck!