I am helping analyze and find deals for him in exchange for more experience managing rehabs and further education to continue to better my resume for acquiring additional private lending.  

I know some great 1031 exchange facilitators for all those California investors with equity wanting to get away from the CA shenanigans!

If you don't like the property or the current tenant, that would make me consider doing a 1031 tax deferred exchange instead.Good luck on your decision.Rich "Mike" Weese

And everyone (including many "sophisticated macro investors") was convinced GBP/USD would stay above 1.60 and Brexit would never happen - turns out Brexit happened and the exchange rate moved down to as low as 1.20. 

From that you can then extrapolate and compare apples to apples in other geographies with other products that your 1031 exchange can move you into.The results of your analysis might really surprise you. 

They're simply paying less on the listing side, in exchange for less service. 

This seller was ready to sell now and wanted to roll the proceeds as a 1031 exchange to a property in his hometown of Virginia Beach (where he was currently living).

I originally thought we wouldn't be able to 1031 exchange it... but now I'm wondering if we can.

It would apply to sales/exchanges after 2017... not acquisitions.

On the LL's side (your client) it may be that they're happy to relinquish CONTROL to the tenant in exchange for a lower rate.