Not sure why everyone wants to jump on the 'bash Subto' band wagon?

By reallocating the proceeds from the sale, you can enhance your investment strategy and capitalize on stronger prospects.6.

If you do decide to proceed into investing, this will open to a realm of achieving financial freedom and slowly accumulate your rental portfolio, so that you can replace your active tech income from your rental income.

How will you split proceeds?

Correct, selling but not putting proceeds into a new 1031.

You can always form the LLC once you are under contract and are confident you will be proceeding with the purchase through a novation.

The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

Remember, C/D located properties generally appraise once improved for significantly more than they will actually sell in an arms length transaction so you can go to many C/D neighborhoods, successfully complete the BRRRR method but deal with  all of the operational difficulties of the asset class and then fail to achieve a sale figure remotely close to the favorable appraisal  that allowed for the proceeds to be returned through the refinance. 

If Seller shall breach any of the terms or provisions of this Contract prior to COE, Buyer may proceed againstSeller for any claim or remedy the Buyer may have in law or equity, which includes, but is not limited to,specific performance and/or damages." 

Insurance Proceeds: Generally, insurance proceeds received to repair or replace property damaged in a hail storm are not taxable.