As long as your friend has no business or family relationship with you, you have possibly started a correct 1031 exchange. 

More than anything this will exclude you personally from claim history (some of which is without merit and is the nature of the litigious society we live in). 

Their real target is executive compensation disguised as interest-free loans and large family gifts disguised as interest-free loans.

I’m trying to get into single family home real estate and I have been trying to get a feel for the type of cash flow involved.

Hi there BP family!

Historically (with some exceptions), there were two categories of syndicators: (1) The Sponsors who would raise "friends and family" equity and (2) Sponsors  who would raise capital from family offices,  pension funds, insurance companies etc. 

Investment Info:Single-family residence buy & hold investment.

This applicant is part of the family.

My gut says family law? 

They are the ones who give the industry a bad name.Fast forward 15+ years later and I find myself a landlord of many single-family homes and an owner of a property management company managing nearly 1,000 doors.