IMO, that is complete BS.

There is always a crisis going on.

Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash. 

Ardin,First question is why? 

This is the first piece. 

Multi Family MillionsAnd there are plenty more that people can recommend here too.Buying out of state is a risky investment no matter what.

We're under contract for a SFH that is currently in use as a STR.

what is included in the 23k?

Have had quite a few clients use their 1031 exchange funds for a single purchase or multiple purchases (like you're planning).We coordinated same-day closings for financing on the multiple-purchase scenario, but I'm not entirely sure if that is a necessity.

But at this point I am going to reduce it to 2 questions so I don't give you a headache. 1) if a property is being sold as is, is that an automatic disqualification?