It seems to me my strategy would be appreciation rather than cash flow for this deal. 

To me, the idea of LLCs is business smart because it not only protects personal from business assets (as well as one asset from another), but really spells out the expectations in the operating agreement and, possibly, a subscription agreement if there are multiple investors.Feel free to reach out to me or members of my team if you want to learn more.

I would appreciate any help you guys could provide to me so I can build a team here in the Jacksonville market!

Once the original purchase date reaches a 180 maturity, then none of this matters and the flipper can go ahead and make the sale as normal.This was important to me because I was in the process of setting up a flip/sale in a 45 day window.

My reasoning behind condo's initially was pretty simple - I thought they would be easiest to manage while learning the ropes of REI and it appeared to me that a lot of the SFH in my area were sitting vacant for quite a while (plus they wouldn't cash flow).

I'm not happy with the property manager i currently have. so i had a different property manager/agent look at the property to see what my options are.He said he could sell it for me as is, or i could put in 40k to make the place look very nice and then rent it out for $950-$1000 monthly. this price sounds a bit high to me for that area so i wanted to get some more opinions from others in that area.

I'm familiar with putting contingencies on contracts, I have no idea why it didn't occur to me to make the 1031 a contingency, that's pretty brilliant.

Will she be able to transfer ownership of the property to me with unpaid taxes??

Where I would pay his $400k asking price and he would finance $100k back to me for 10 years interest free with a 20 year amortization and a balloon at month 121.

Please feel free to reach out to me and we can review your goals in detail.