I may have someone for the down payment, or take out a portion of HELOC as a down payment, as I have quite a bit of equity on my home.I've tried doing the calculations and have come up with (roughly), a property that doesn't cashflow based on my calculations (which could be wrong)Not cashflowing? 

Luckily I can help you with many scenarios based on your goals with this home. 

The alternative is a slippery slope.

It's based in New Orleans and shows local investor Sidney Torres helping strugging flippers. https://www.cnbc.com/cnbc-the-deed-sidney-torres/Looks like they have some other episodes based in Chicago , but I haven't seen those.

I live close to a HUGE Marine Base.

While I would love to pay less, based on my discussion with them and what they provide, I was comfortable with that.

Are there any good alternatives to a 1031 exchange for a back to back escrow deal, since the property in question will never be under my name?

Location: Louisiana Disclaimer: I am not an attorney & don't play one on TV.It sounds like the title company did not do much research into the chain of title if they did not see that a succession was not done on the husband (what appears to be the case based on what you have relayed). 

Looking for real estate focused tax advisors for new investors, someone who will take time to explain and advise benefits, best practices and any areas of concern in real estate investing based on our current financial portfolio.  

Based on what you are saying, the revenue on the property would be around $4,400 a month with a purchase price of $600K.