If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Hi all,I've been all over these forum posts trying to find this answer and I keep going back and forth on whether it can or can't be done, so decided to reach out to some of you experts here.I'm trying to figure out if a seller, that is trying to do a 1031 exchange, can seller finance the down payment on their current property that they are wanting to sell?

Keep communication open and they may come around after they get over the fear.

Also, keep in mind that bills like heating are not really affected by the number of occupants.

Are you getting quotes to keep it competitive? 

Most carriers prefer to cut as few checks as possible during the process.Also keep in mind that the claims process can also be delayed significantly when the claim is larger (damage is more substantial). 

Take photos of all damages, keep copies of all incident reports and communication records with your tenants, fire department, and insurance company.I would strongly consider working with a reputable public adjuster, especially for a claim of this size.

The seller loans 40% back to the seller (on a partnership agreement)  Thus, 40% of $1 million is $400,000.That $400,000 pays off your transactional lender ($200,000 plus closing costs and 2 % point) = $215,000$50,000 is utilized to renovate the propertyYou will keep the remaining balance.Since you are giving the seller a large sum upfront, you should negotiate at least a 60-month 0 interest and 0 payments on or before(5 years).  

Feel free to find me on IG or FB and I'll keep you updated.

Landlords must educate themselves on what a good property manager looks like, screen until they find a good one, then supervise that property manager to keep them on task.Far too many Landlords go for the first one on a Google search, the one with the lowest advertised fees, the flashy website, or some other superficial qualifier.