I have been working on this deal for a little over a month, and i have analyzed this multiple times.

Another tactic would be to invest in a fund that has residential debt as its primary asset class, this way you are a passive investor along side other investors and your funds are spread across multiple assets which helps to spread out the risk.

I have a way I’d bring this up but want some perspective from those that may have had to do it before. 

I’m curious on the structure / finance of a deal when there are multiple investors involved.

I’m sure your broker is not the happiest broker when one of his agents on a very rare occasion is more concerned about their immediate request for their commission rather then getting deals done and multiple ones at that.Perhaps, some concern and appreciation for the family moving into their new home.

5) What I am trying to do is to gradually receive the funds, but I'm not sure how to accomplish that.6) I have heard a suggestion to do multiple 1031s and receive a certain amount of cash year, but that would be alot of work since I would have to buy 90% of my current assets, then the next year 80% of my current assets, etc.7) I don't really trust the TIC and/or DST (Delaware Statutory Trust) type properties, so I tend to think of this as the most likely resolution.8) Since some of these properties are triplexes, some would be classified as residential. 

But he may be right as well. you should have gotten multiple bids before you started the project. that would have addressed your concerns regarding overpaying.

I currently have 8 units (9th owner occ) in that triplex, a duplex (2009), and 4-plex (2014),  all in south seattle / burien areas.Seattle is way overpriced and IMO due for some kind of correction right now ;  I don't see how things can continue to appreciate like this,  and at least within seattle itself many smaller MF properties are worth more for the dirt under them than the structure itself just for the redevelopment potential,  which is unfortunate at least from the perspective of an buy and hold investment viewpoint and availability of decent and comparatively affordable rental units in neighborhood-scale buildings. 

I am sure there are multiple things that can go wrong and will research.To piggyback off this thread, a question I have is will the 1031 exchange rules matter? 

Same perspective for me as a sole investor.