I've heard from several people who thought they had an owner finance agreement signed at the kitchen table, assumed they were paying down equity only to have the house sold right out from under them.Ben,  How common is this that a seller is willing to give up their deed upfront in exchange for seller financing.  

I don't remember what it was called or what it contained exactly but basically she admitted to trespassing and gave up all her tenant rights in exchange for $2500 which I sent via venmo immediatly after she signed.

Cut free of your "golden handcuffs" with the minimal interest rates on these properties and sell them all (or the biggest headache properties) and do a 1031 exchange into a bigger property or package of multi families where the cash flow is better, numbers make sense, and you can streamline property maintenance and management rather than having 6 different single family homes. 

I’m using funds from a 1031 exchange for the deposit.Can anyone provide insights or guide me on how to refine my underwriting or ask the right questions to ensure my numbers are accurate and this is a solid deal?

I'd like to sell my CO property and do a 1031 Exchange for a local FL property but I've been cautioned by members in the local investment clubs about potential Relinquished Debt consequences. 

This allows for a wide variety of ways to achieve the goal thru all aspects of real estate; investing in assets that have great capital gains potential but may not cash flow (options, land, redevelopment, gentrification, etc. ) utilizing “fee income” to build my estate (syndication, brokerage, partials, participations), and “creating” high yielding notes, and “creating” wealth through creative real estate buying, selling and exchanging. 

One of the terrible pieces of advice I received was from 2 people who suggested that I sell my California SFH rental (with lots of equity) to "cash flow" more and "acquire more doors" by doing a 1031 exchange into an apartment complex OOS or buy multiple SFHs/duplexes OOS.

If you ever want to chat about strategies, financing options, or just exchange insights, feel free to reach out.

Please also direct any future correspondence to me in writing.Sincerely,Ambulance chaser (name changed to protect the guilty)Here's my response:Dear Ambulance Chaser,Our lease agreement allows you the use of the property at 123 Straight St in exchange for rent.

It's always enriching to exchange knowledge and insights with fellow professionals in the field.Best,Jim Vani