But Swanny, where you drift into being wrong (IMHO) is when you discount comps on multifamily or discount market forces such as what CAP are buyers willing to pay in a given submarket.I don't want to pull this card, but since you've pulled it on David before, I'll do it:  I've bought and sold more than you so I know of what I speak.  

Now, you need to tell him, absolute no extensions on timeline, add 1 month as buffer (official term is float) for everything -- unworkable days, inspections, hiccups, etc --, so he needs to fit everything within that float.

Use contingencies on both sale and purchase to give you longer due diligence periods and floating closing dates if possible to accommodate your 1031 schedule.4.

And it floats.

Is their floating rate debt?  

Thankfully we were able to pay off one of the houses that is now rented and we should be able to cash-flow that one enough to float the others. 

You are working with a broker - OK, Yes, they can technically have two files running at the same time but shouldn’t do that in the wholesale side again because it’s just out of respect, and two it sounds like this may be a float vs lock situation?

Hell, they even make money on the float.  

Whatever floats their boat.Be sure you understand how many points they are charging you, what the interest rate is, term of the loan etc.

My question is, how are investors floating their wrap payment after selling off a partial note?