You are going in the right direction. 

If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.

We gave him 56k in deposits and he will not even pick up his phone or engage in a conversation.

It’s worth noting that they can also provide some flexibility by avoiding direct ownership transfers.

@Kyle Carter You cannot directly use a 1031 exchange to purchase a primary residence, as the IRS mandates that the replacement property must be used for investment or business purposes.

Alternatively, your sibling might use a 1031 exchange to defer taxes by reinvesting in like-kind properties, though this doesn't directly fund a primary residence.Other ideas include leveraging a HELOC on the rental properties for the down payment, taking out a 401(k) loan, structuring an owner-financed agreement, or a lease-to-own arrangement.

Below are some key questions I would suggest asking.Are you a direct lender?

We are reaching out to this amazing platform for some help and direction to get things rolling.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

The quality of answers to your are directly correlated to the quality of your questions asked.