Contributions into new entities after completion of a 1031 is a fairly common practice in the world of partnerships and mergers.  

I've always been very interested in REI and RE in general but my RE background is fairly limited.

Treated me fair and was done quickly

I'm fairly confident that stuff like this is atrocious to even a desperate pre-foreclosure home owner.

If there is ways you can add value through cosmetic work AND negotiate a price to but you in a good position with a fair amount of equity to begin with my opinion would be find another partner to front the remaining amount needed to put the down payment on a HML until property seasoned and then refinance into conventional through bank/credit union.

It's also going to be competitive (high priced) if you are looking in a fairly competitive area such as chicago.

If the property has been  well maintained (I know, this can be relative), usually $1k is enough to turnover (carpet cleaning, professional cleaning of the rest of the house).

I started with seller financing along with a HELOC DB and have maintained that practice.

We've lived in it for 3 years now, (have a 3 year old) and now I'm questioning my original strategy due to development in the area and because its appreciated fairly substantially while we've lived in it.

Hello All,I'm reaching out to those of you that have property managers maintaining your rental portfolio for you and those PMs that service those investors.