Inquiries are not applicants. 

It also doesn't have to take days... they sell quick dry mud and could be finished up in a day if it is a limited area. 

Im a single person...I have never 1031 exchanged anything before, so not sure if id have to do this to buy another without owing a ton of taxes or could i sell it and just be safe of paying capital gains with the sale being under the 250k for single limit?

@Jared F.You should consult an attorney when it comes to asset protection.A couple questions you want to ask the syndicator is how the entity is structured.If the entity is structured as an LP or an LLC - you are likely a non-managing member or a limited partner.So the question you would then ask the attorney is if you have additional protection investing as a limited partner/non-managing member in your individual names or as an LLC.I have seen individuals invest hundreds of thousands of dollars in syndicated deals.

I would imply that I have a waiting list of applicants at a higher rent than $2800 and they are welcome to leave if they choose.

So that means your cost of doing it this way would be limited to the closing costs of the new loan.The other option, (I couldn't tell you which is better without more information) would be to do a cash out refi of the old house in order to buy the new one in cash, then pay off this loan when the old house sells.

Also, we seem to get higher quality applicants and I find the user interface better than Craigslist.

My initial thought was to get it in my name for the fact that I would have gotten past the initial application of a mortgage with a credit score right on the cusp of the approval range.

(that application is expensive) That allowance also only lasts 2 years, so now that the market is high again, a lot of associations don't apply and therefore you won't see many communities that accept FHA loans.

I had an applicant who had their home destroyed by flood, with three small children.