The next step is for AI using multiple software platforms autonomously: booking your family trip based on a few YouTube travel videos you liked, including flights, hotels, car and restaurants,  creating an excel spreadsheet with the agenda and sending emails to all family members with everything they need to know.

Purchase price is $60K and estimated ARV is potentially 200-300K.

Secondly, talk with someone in your area who is experienced in making these purchases.

Worth area it is typically 1% of purchase price.

In those instances you can purchase the new property in 'cash' position and do not have to get an additional mortgage. 

Therefore, the building should be purchased in an LLC, where everyone is a partner, and you can then buy them out at an agreed price. 

@Chris Harwood, You will need to purchase real estate with your 1031. 

Expecting brokers to inform you of the best purchase opportunities when you have no proof of funds, or pre qualification for funding 9.

I know that :)   I have great credit 740+ FICO, a few flips under my belt and this current project isn't complicated ($110k purchase price, $20k rehab for cosmetic fixes).They pulled credit before my term sheet was issued :(   90% LTV on purchase / 100% LTV on rehab  (What they sent:  65% LTV on purchase / 100% Rehab)Rates starting at 7.49% for 12 mos  (What they sent: 10.49% + 2.75% Loan Orig)We have a tight close date and I have to call the Account Executive everyday to find out what the status of the loan is, term sheet, etc..I'm not sure if I will use them for this project as I have already received 90% LTV for purchase and rehab, 9.49%, 12 mos, 1% loan orig, from another source but I wanted to try them as I heard many good things about them from other investors. 

It appears they executed a purchase of ATMs and their funding fell through and between that acquisition and TR-31, they have a liquidity crunch.