What is your involvement in real estate?

Reality on the ground is exact opposite due to investors not properly accounting for expenses such as maintenance, capex, legal, property management, pest control, landscaping, travel, etc etc.

I am not trying to throw cold water on your plan, but be sure you understand the risks involved before investing.

Not guarantee personally but sign personally for the business account which, as I was told by the attorney, would pierce the veil.  

In Ontario, I find it hard to find properties that will cash flow at the 1%rule at the least when taking into account all the appropriate expenses.

It's a serious, serious waste of time and money (I'm being redundant here, I know)I've assigned slightly over 75 lease option deals in 10 different states, and not once have I ever spent a dime of money marketing my deals (okay, this might be a bit of a stretch, because I've spent money on local proxy IP's and local phone numbers to create a new craigslist phone verified account, in order to keep my deals live on craigslist without getting ghosted by them, but that's a much deeper discussion).It is incredibly easy to find lease option buyers.

Distraught, I looked at my bank account and sure enough the check have not been cashed.

Account Closed It sounds like they're not interested in really managing the property, so maybe it would be a good time to get them to talk about selling.

I have my broker, but she has some commercial experience, but mostly residential.Is it advised to get a lawyer involved and CPA to analyze the books, etc?

Account Closedas others have mentioned: 1031 is not applicable in your situation in particular and when investing with IRA/401k in general.What you need is a self-directed IRA.