Wayne is correct. 

And yes, that's another benefit of setting up the reverse correctly - The use of a single member single asset LLC allows us to transfer the membership of the LLC to the client instead of having to conduct another real estate closing.So the EAT would be an LLC that is holding the property after it's been completed and to finish your 1031 exchange you get the membership interest of the EAT that holds the property. 

Hi @Chris Mason, If I'm reading your matrix correctly, it shows that an owner-occupied Single Family can have 3% down payment, whereas a non-owner occupied investment property must have a minimum of 15% down payment.

Did I read your post correctly?

Thanks for the reply Chad.

I want to have more saved for just in case expenses for life/a potential rental property but also want real time experience and I think this would be a great way to do it.Your absolutely right that real "pounding the pavement" experience is the best way to gain knowledge and I think it is a reasonable request which someone can say yes or no..however I dont think contacting random people who are investors on LinkedIn or online is the correct way to do it.

Also, if the market changes or corrects the home values could stagnate or decline, so I wouldn't count on appreciation as a factor in your decision.  

@Austin Hendrickson your last point isn't correct. 

@Patricia Mangham Do I understand you correctly?

@Michael Noto thanks for the reply. i will do . appreciate that.