They’re pushing this $40k program on us now, and I was ready to buy in until someone raised the question of whether or not it’s legit and now I’m super second guessing this decision.

.- Some builders aren't as friendly to investorsI hope that helps. super helpful!

More importantly, I’m super hesitant with the idea of the 1031 given that both the purchase and the sell need to be coordinated together. 

Your tother end can be in a sling super quick  

Maybe if you were super wealthy and worth 10/100's of millions it'd be good but hopefully you have the brains with that kind of money to protect your assets.Do you have any children and do you plan on helping them start their business prior to them getting married? 

It’s super important to work with a bookkeeper who has experience with real estate investing, especially if you’re doing BRRRR.

Hope this helps a and best of luckTotally agree-it may be MORE THAN super tight.

I save up every 3-5 years to buy 1 property 1.25x DSCRd, ideally through BRRR, and buy about 20% of my downpayment worth in a high-rate not fund--high rate as in a 2-5% above prime but not this egregious triple prime super high risk nonsense).

It's free and you'll see what problems other people are facing and how they solve them, which will help you decide whether or not to move forward with your plan.It's possible to find a reliable person who would be super happy to have your rural set-up and not have to have a down payment to buy it. 

It’s very customizable and user friendly and makes it super easy to track all of our finances.