Should I seek legal counsel to ensure this is all coordinated through someone I trust? 

I was preapproved for the dscr loan and have the 25% down payment and was planning on buying a 6 unit apartment that a realtor had shown me but another buyer bought it first before I completed my process so now I am looking for another multi unit property. 

Deferring All Taxes - if you want to defer all taxes, make sure that the total value of what you buy is greater than $580K (or whatever your final combined net sales value ends up at) and that you use all of your sale proceeds as down payment on your replacement property(ies). 

If he is making monthly payments of ($1,394.49x12)/135k= 12.39% cap rate.

Avoid escrowing payments and opt for the longer term, even if you don't think you'll need it.Seasoning Period: Many lenders have a seasoning period of 3 months on the platform, while others might require 6 months.

But when it comes to homeowners that inspect what they expect, Curbio best be prepared for the wrath of God for putting me through hell the last 14-months, since I foolishly trusted them to delivery on their “too good to be true promises”. 

Being creative when money gets tight is key in your case and having a finance partner who trusted you and actually reached out to you it doesn't get any better.

I understand the low value land plays in both owning selling CFD etc etc  No title insurance just quit claim.. its quite common in the Niche you are playing in.. the issue is if the orignal seller buggars the title somehow and you CFD buyer pays all their payments and now wants clear title and you cant deliver it because of this.. 

Never accept partial payments.

There should be a red flag for the next LL to know that this tenant is not to be trusted.