This is the scenario in which you can essentially pull out every dollar you put into the deal once you cash-out-refinance.That being said, on a positive note, you have still accomplished one of the hardest parts of real estate investing which is to just take the first leap!

This essentially informs you of the extent of what you are buying.

Essentially, I would be asking for a max loan of $1.5MM in exchange for a portfolio worth $2.7MM.

Even if it was essentially turnkey, I would be pretty skeptic of it needing almost nothing at all.

@Ryan HanrahanA private money lender will not get you money for a down payment , but you do have the option of using vehicles like Perosnal loans , credit cards ,and lines of credit which would essentially allow you to buy the property with none of your own money.

Im not even stressing the whole learning process because not only is it essential but I am 110% positive that when the time is right, I will begin and will be super successful.

I'd also suggest prioritizing location(essentially unchangeable) vs. prioritizing curb appeal(certainly changeable.)

I don't understand the role of the "Accommodating Party" when there appears to be no way for the seller of the 1 property (the exchange property) to "touch" the capital gain before it is used for the purchase of the 2 properties (the properties being exchanged into).1 Property being sold as part of the 1031: Owned for 10 years, used as rental, capital gain will be $120,000Purchaser of the 1 property is an arms-length purchaser unrelated to the seller essentially paying fair market value.2 Properties being purchased (exchanged into) as part of the 1031: Rentals with total purchase price for the 2 properties of $110,000, both properties owned by the same person

Lived in the house I am currently renting at one point, so I am essentially a newbie.

The ideal would be to find a replacement investing partner who you can trust to essentially buy them out of the deal - but there will be costs involved in this transaction and you would want to know the individual.