A suitable property is located and an offer to purchase is accepted at $2m.

Source suitable property that is available for sale.

He also asked me how much I had in my savings and when I told him a low number he said that I will not be suitable at the time but maybe I can get some cash funding from a partner...wow, can someone say scumbag. 

Money.Money.Money.I can find enough suitable buy-and-hold properties. 

I'm a first time home buyer and I would really like to purchase a multi family  the problem is I haven't found anything suitable that falls within fha financing limits so I'm considering using private money to build.  

@Aqeel SalimBeing in Austin, you should join and attend as many of the free investing MeetUp Groups as possible as this is where you will likely find suitable investing partnerships, which is something you should seek immediately.

It also comes down to opportunity cost, since a down payment on a suitable personal residence could be as much as the cash costs on a low income rental.  

I wanted to build a modular home for my family last year, but between finding a suitable property and the trouble of selling our current home at the time, it just didn’t happen. 

This is my first post at BP so please feel free to redirect me if any other forum is more suitable. 

Option or lease option the property until you can find a suitable 1031 replacement.