Most reverse exchanges are done with cash from the client or a private loan of some sort from an individual or a portfolio bank.When your old property sells you will have that cash in your account to purchase the new property. 

The goal is to expand my network with likeminded individuals in the same market.   

Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.

@Sufyan Minhasgoing to depend on the rules in individual buildings

Giving away the place cheap only creates more work for yourself screening lower income individuals, and attracts scammers.

Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.

In this situation, can all the partners claim mortgage payment as expense in their individual taxes (or just the partner who owns the mortgage)?

Have you tried contacting the main office or different individuals in the company? 

Ironically it's normally the individuals who go to the greatest lengths believing they are protecting themselves who are the most reckless in the way in which they operate their real estate.

So, you, as an individual, may not get to the same rate that a MASSIVE national builder can...but you can certainly offer credits to the buyers to help buy down the rates.