I am trying to defer these by doing a 1031 and have already identified a property that I will have under contract if we get to closing . 

It was financed through private investors that the developers lined up. 

I’m curious peoples thoughts on structuring a deal this way:Assuming that the numbers are good here is how I’m looking at structuring the deal with the seller:Property 1: $90,000Property 2: $90,000Property 3: $1My reasoning would be to get mortgages on the full value of the 2 houses then be able to refinance property 3 for a similar amount in order to fully leverage the properties.Here are the downsides that my accountant has identified:1.

Identify yourself as "the property manager" or "management".

I would develop a ruff estimate of all needed repairs/deferred maintenance requirements.  

The goal is to create capital to begin developing passive income, enough to start planned investments. 

Through out the whole interview not even one qn was asked - as to what are the real practical roadblocks are .Anyway - question everything , keep learning , develop emotional intelligence .

I would suggest getting a good local Omaha agent to help you identify good properties if you are looking to invest here. 

Labor and capital are really the only two methods that generate income.Fix and flipping, along with property management, wholesaling/brokering, or developing (among others) are really jobs. 

Bonus points if you could identify your geographical market.3.