Where you continue to service the existing note and create a new note to facilitate the sale of the property.

Any recommendations for a exchange facilitator? 

, he said "no".What are the steps at this point that can be taken by them or me to facilitate sale (they didn't sound that they will move)

If you choose, they can facilitate automated payments from your tenants account to yours, though it is ACH and the process is a bit slow.

I have done a range of creative things to facilitate the move from simply giving tips on where to give way items (goodwill, etc) to even offering some financial incentives, but you can think about that as you near the date.

My other lender that has facilitated this was Standing Stone Bank in Lancaster, Ohio.

It likely contains verbiage to the effect of: "The Seller herein acknowledges that it is the intention of the Buyer to effect an IRS Section 1031 Tax-Deferred Exchange and that the Buyer's rights under this agreement shall be assigned to [insert name of Seller's chosen intermediary here] to facilitate such exchange.

Its a process for a new investor to actually buy a property, and the more you can facilitate that process with education, information, and connection, the better chance the new investor has of actually buying something.

sorry to revive this old thread but i just came across your post and wanted to let you know how much i appreciate the specific and thorough overview and insights. i'm in boston, but my dad lives in new port richey. i've been looking for some type of small (2-4 unit) multifamily situation in the st. pete area. i'd like to use it to facilitate more frequent visits to hang out with him and escape from up here periodically while having at least one unit generating year-round rental income. i have no qualms about taking on fixer-uppers and i am in agreement with you about doing the work right the first time, even if that means spending a bit more money and/or time to do so. i recently stumbled across a few properties that seems intriguing, to say the least. was considering flying down to check them out but then i realized it's school vacation week so fares are triple what they are next week. i would love your perspective on them ; it's definitely a unique situation and while i do love a challenge  it's difficult to assess exactly what kind of challenges to expect in this case. your post here was a very helpful little push towards the direction of starting to see this whole thing taking actual shape as an actionable plan, so whether i hear from you eventually or not i will remain appreciative forever :D thanks!!

As you know with most SD facilitators, SD companies do not provide tax, legal, financial or investment advice...so, while I cannot give advice that is considered tax advice, I can explain process and requirements.