Seller may object to no down payment.

Since you are not a client they may be more objective. 

And his ultimate objective is to list as a REIT on the stock market, in which case his investors would hit the jackpot.

I contacted a few foundation specialists and got some estimates to fix the whole basement. 

I object to your strategy of doing partial rolling cost seg, as in 4-6 properties per year.

I am NOT a CPA or a tax specialist of any kind 

We extended our objection deadline until Tuesday to try and do some more research.So if I cannot convert it legally would I be able to add another electric meter?

So we fired him after we saw all that terrible work and then ordered an inspection report to see what was left to fix. turns out 80% of the work was not up to code and the house was dangerous unless we brought in guys who where specialist and did things up to code.

Of course the the COC & cash flow are purely subjective metrics that depend on you financing, ability to minimize expenses, etc, & aren't objective metrics to compare properties.

@Aaron Smith Hey Aaron - were you ever able to get in touch with a 1031 specialist in the St.