I would say that 98% of tax advisors do not really understand 1031 exchanges.

The college I attended did a similar project and hired out the development of almost 400 units to a known and respected developer from the area (this could be a critical component... he was known and very well established).

Right now I am in my learning stages and working to establish my business and finalize my plan.  

I'm guessing after 15 years, the business and owner has established credit, do you know why they are asking you to finance it?

Established agents usually work in much higher price points.

I have some info I can send you I just received from a mortgage advisor on the rules and regs.He told me 20%down no matter what.

We have a private lender that my partner already has an established relationship with who has no problem buying the properties for standard hard money terms. 

I am also looking to create an official REIA of western mass as I have not been able to find a fully established one as of now.If you're in the area, please feel free to reach out and connect.

I am not currently in a position to use my own credit to acquire funds to start (currently have too much consumer debt, along with student loans and building our own home to be completed in June), so I am not sure exactly what type of business plan to establish.

We need to establish an LLC as soon as possible, but I have a few questions first.