And now with the final point: He hints that you should mention that your net worth is $1Mil on the private memorandum document so you could get into whatever deal he has.

Keep in mind a deal for one person might not be a deal for another based on the strategy they are using to build their portfolio. 

Sell it entirely  , pay-off loan build our capital 2.)

The assignment document "pays" you a fee for the contract.

If so file a complaint with the building department / state licensing commission3.

We informed our tenants about the possibility of building two ADU's in our property about 2 months ago. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I would love to work with you on some of these, my team and I are doing around 5 contracts a week; from Demo/New Build to Rentals to Commercial Mix Use & Induatrial.please let me know if you wouldn't be opposed to connecting!

That’s super helpful.my back up plans to that idea were to either.A. 1031 it into a new build with far less maintenance costs for another 3-5 years before recycling that same concept. 

We have considered doing what we have always done, finding a nice multi-unit building and purchasing it with a small amount of leverage.