If you qualify for conventional financing I would suggest doing the conventional financing with better terms and you can protect your assets using an umbrella insurance policy.

If your CPA firm is not experienced in them, I would look for a company that specializes in 1031.

We did not use a realtor in this case and had a title company act as the intermediary.

Our company, 1031X, is 30 years old and is qualified to execute 1031 exchanges in all 50 states.

The city has an annual output of $132 billion and a heavy concentration of Fortune 500 companies, making it a top economic metro.

:)Are you familiar with this company?

A lot of insurance companies won't write a third party that doesn't have a financial claim/stake on the property as "additional insured".

I'm Just skeptical 🫤 of them using their own contracts, and Title company!!

I'm working with a turn key company that operates in Memphis.

I hope you verified their license and insurance, added yourself as "additional insured" on their policy, checked zoning, and are prepared for additional wear-and-tear.I personally don't allow it anymore because it always turned out bad.