I have recently been in a wormhole of using a 1031 for investing purposes, spoken with a lawyer, title agent, accountant, and a broker.

Have your lawyer send him a letter outlining the situation.

The triplex is probably like a C/C- neighborhood and the condition plays a big role in how much interest I have in older properties.  

I am looking to start the process and I need a very good lawyer who's primary focus is syndication in order to get the ball rolling.Thanks,  

Brad Orpano if passed it means they’ll get rid of requiring banks to check income on loans if they’re under a certain asset level, meaning we’d be that much closer to extremely lose lending financial conditions again

Now based off the area of the house, the conditions of the house, and the price he’s asking for it, I can already tell my offer isn’t going to be anywhere near his asking price but im just stuck on how to put the numbers together to be able to make a valid offer.

When your realtor writes your offer, make sure you have a long enough inspection period and a financing and appraised value contingency and you should be able to walk away with your entire deposit back if conditions aren't met.

The house does not qualify for a conventional loan because of its condition.

The property condition, size and historical run rate will also play a factor in potential required reserves.

So, this friend hired a lawyer for 5k ( at least initial payment) and the lawyer started all the legal process.