@Elaine Bonini, Yes, to sell one larger asset and use 1031 to purchase several replacement properties is permissable and a very savvy use of the 1031 strategy.  

Thus far, my experience in real estate includes helping to renovate his first buy and hold property as well as just shy of a hundred BP Podcasts and a smattering of other REI research!

Again have it spelled out in the P&S and a separate agreement signed at closing. 

I don't have any experience in real estate investing, but I am eager to learn and a very dedicated person.

(this is the only thing we need to negotiate - EQUITY)I will send the seller a contract of sale (and a copy to you) - I always use my "Skinny Contract Offer" at a price we both agreed to -  Your job will be to get comps - look at the property - make an inspection and determine that the offer I make is at a price where we can make a reasonable equity profit.

No, nope, and as my drill instructor used to say in boot camp, "Not only no, but F#$% no!"

The LLC is owned by me and a business partner.  

Maybe agree to escrow the roof and A/C replacement funds to reduce the risk for the owner.  

Hello everyone,I am a husband and a father of two, currently an active duty U.S Marine  and a part time investor.  

And a good way to get in on the market in this area is to go to any networking events for real investors that you can fine.