Or you know, you could just stop fat-fingering the sales price when you punch in the numbers.Again, I kind of see where you are coming from, but your approach could definitely use some work!

Living in DFW prior myself I can tell you those taxes are gonna eat your cash flow for breakfast.

I don't know what to do at this point, so my friend thought maybe someone here would be kind enough to help me out.

Those houses won't pass any kind of inspection and damn sure won't appraise, so they are cash deals from the jump. 

Any kind of asset based lending would be an option.

Here are a few tidbits. https://www.irs.gov/businesses/small-businesses-se...https://www.irs.gov/businesses/small-businesses-self-employed/what-kind-of-records-should-i-keep

The quote is to get a number obviously but also kind of an interview for you to judge their integrity and character.I like to find guys who are kind of on my level - have some experience but working on scaling up.

That is not what like kind refers to.

I'm sure it's hard to estimate cost, but what kind of return do you typically see from sub-metering?

It's good to have an understanding of the process on your own, but a 1031 can't be executed without a QI anyway, and really they are going to be the #1 best resource for this kind of info.Best of luck!