If the seller does not need the cash now and is happy with regular payments, get the longest term and lowest rate they will agree to.  

My first rental has a roof leak , my regular roofer is on vacation for a month .

Jerry Hernandez this is what I've done with the agents I work with regularly and it works perfect.

It is also possible to start off with a regular Forward 1031 Exchange (sell SFRs first, buy multi-family later) and combine or end with a Reverse 1031 Exchange if not all of your SFRs have sold by the time you must acquire your replacement property. 

It's great to have you and you interact in the forums frequently.

My years of life experience and business experience prior to investing in RE actually became an asset when interacting with tenants and managing the business.

I've learned so much already from reading through these forums and I'm excited to know that this is just the tip of the iceberg.I'm looking forward to meeting and interacting with folks on this site and to getting my Real Estate career started off on the right track!

Since we have not had to file a tax return for the LLC, we have not talked in depth with out regular tax guys at all yet. 

The 10% is good for regular maintenance but when the roof, the HVAC or the plumbing goes you had better have some capital reserves.

I haven't done the particular program, so I can't comment specifically, but I have interacted with Dave Van Horn on several occasions and I'll say he is the "real deal".