@Michael RutkowskiWhether you should speak to a CPA or Attorney regarding questions you have on a 1031 depend on the specialty of the professional itself.Did the attorney you speak with specialize in taxation / real estate transfers? 

It is 100% a market to tap into right now and finically speaking, most people are fools for not doing so.

It means you would be purchasing the business (shares of an LLC are called membership interests) that owns the real state rather than the property itself.Sometimes you can avoid paying transfer taxes doing it this way... it depends where the property is located.Generally speaking, when you purchase a business this way you acquire its assets as well as its liabilities.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Do you really know if a company can be trustworthy simply by speaking with them?

The answer to your question is heavily dependent on multiple factors such as being a good manager of things generally speaking, how well you do your tenant screening, how comfortable you are with bookkeeping (if you are going to do it yourself), if you have a good selection of service providers in the area etc. 

@Caleb BurkyI'm assuming you are speaking about the subject to or buying a home that is subject to an existing mortgage where the buyer agrees to make payments on the seller's mortgage.

Upon speaking to the realtor, he indicated seller financing was a possibility and the owner was liquidating several properties in the area and moving away.

Upon speaking to the realtor, he indicated seller financing was a possibility and the owner was liquidating several properties in the area and moving away.

Upon speaking to the realtor, he indicated seller financing was a possibility and the owner was liquidating several properties in the area and moving away.