@Dadrion Tuircuit,  That simply means that the seller will be performing a 1031 exchange. 

If so I would simply write an addendum to the lease and have all parties sign

I simply called, we had a conversation, he verbally approved.

I wouldn't constrain yourself to simply condos.

Again, the portion that you are buying for investment simply has to be worth at least as much as your sale in order to defer all tax.

Make sure your deal is a good one going into the purchase, but don't be scared off simply due to a 5 year term on the loan.

Also in the process of getting my R.E. license here in CA as well.If you are local that would be awesome as well but simply hopping on zooms weekly to keep each other accountable and make moves is super important.

Some lenders are simply independent commissioned salespeople.

If one makes a mistake, own up to it, rectify it and move on.Caveat: Consult proper legal counsel for specific advice as it pertains to your plans.My intent here is simply to provide some general basic understanding and at least provide a road map as to what questions to ask and what issues to explore.

These properties should cash flow more than the first two based on economies of scale, simply from having more units.