well, none other than the master mind gurus who toot each other's wonderful business ethics because they help each other prey on unsuspecting investors who are desperate to get in on multifamily investing and the dream of getting passive income!  

Ethically, they should give you the new owner should give you the money; but they don't have to. 

Then, in year 11, you will begin paying down the principle amount of the loan over 20 years. 

With passion for the people, the mission, guided by principle and not profit alone. 

A ethical investor who discloses the pro's & con's of subject to transaction could be a win win for both.

. :) jus playin' It is all based on an individuals ability to invest in real estate in a ethical manner.

But you can always attempt to do 1031 and if you run out of time you just pay the taxes.I would suggest you do the math, it's not about getting the last dollar right, its about understanding the principle.

Only very few sellers were ethical and honest in dealings involving exchange of goods for money.

Even in a syndication I don't care how many doors they have - I want to see their track record of preserving principle, returning reasonable returns, and managing their portfolio effectively and efficiently regardless of size.

These are professionals with additional training and a stricter code of ethics.