In addition, 1031 Exchange Qualified Intermediaries are generally not required to be bonded, insured or maintain any other form of minimum equity capitalization.

Maybe you walk away with $100K in 20 years but what would an index fund or Muni bond both of which are passive and likely safer net you in 20 years?

I say somewhat because it is like pulling teeth when you need to use it.We also do direct bookings and other platforms where we do our own ID verification. 

I believe it was said in James Bond movie, Casino Royale "It's not about the money, it's about knowing who you can trust".

A little conversation redirect here: this "method" as posed by the original poster has been thoroughly and utterly debunked.A quick analogy:I brush my teeth two minutes per cleaning.

This maximum rate is determined by adding 2.50 percentage points to the yield rate on long-term government bonds as published by the Federal Reserve Board or the United States Treasury, or both.

It's as if everyone purchased bear-trap underwear because it was trending and ignored that it's giant steel teeth wrapped around your........  

Treasury's $25 billion auction of 30-year bond met with weak demand - MarketWatchYields rise after weak 10-year auction, heavy corporate supply | Reuters

The Bond market agrees with that assessment and is dubious there will be more than 2 total cuts in 2025.

They are still at a discount to the 10 year treasury bond (i.e. market trends indicate they will continue to escalate).