Is it set up like a traditional deal, just with the seller as the 'Bank', or are there other steps that need to be taken?

So the solution to the time-crisis is to set up sources of residual income.

The cap rate is set by the local market.

I recommend if your exchange is remotely within those dates, to go ahead and get them on the calendar with advance reminders set up because we all know that anything can happen that could delay a closing and with accountants now filing online, mistakes are easier to make.  

This is what I'm set to do.

If you want to help someone out, I need some extra cash for financing another property to set up my two beautiful daughters for success later in life.

MIND SET IS EVERYTHING!

I was hired into an investors firm a start-up basically and I am finding places cold calling.

Back-taxes of ~$2650 (headed toward tax deed auction, but perhaps not for another month or so because there is no set date yet)Total Liens add up to ~$6,000, without any interest the city may have added since they have been unpaid for a few years - I'm still waiting to hear back on that, but I don't think they were interest bearing liens. 

If you'd like to send me a DM with your email address, we can chat a little bit and I can get you some searches set up.