I have seen that if you can produce a rehab plan and show permits, architects plans , a court will remove the demo order.I mention this only because I saw it happen recently for a individual who bought a house at a tax sale for $9000.

Account Closed   Yes, Joint tenants can 1031 either together or individually as long as the joint tenants are separate taxpayers. 

Likely would be quite costly initially as they would have to convert all the zones to one furnace versus the two per building along with converting the furnace itself, but much cleaner and less of a hassle in the long run.One thing I have had  success with is getting rid of a furnace completely and putting individual propane wall units in each apartment.  

Thank you very much for your help and assistance.

Reach out to me if I can assist you. 

So the plan we figure is cleanest is to have the LLC buy the property from the individual partner (writing check from LLC to individual partner, and recording a grant deed transferring title to the LLC).

It'd be great for individuals downsizing, new homeowners, or those just starting a family.

We've had a few smart condo owners in Chicago realize their building is worth more as a deconverted apartment building than individual condos and vote to sell to an investor for far more than their individual units were worth.

What helps me is to think "Individuals" vs "Businesses" and not so much hard money lender vs. private lender. 

I would love to network with other investors of all levels of expertise and possibly find someone who I can partner up with and provide assistance to in their own business in some way in exchange for gaining knowledge and hands-on experience.Whether your new or seasoned please feel free to reach out.