I know that in my state you have to be careful if you are offering on behalf of others for the  sale or purchase of real estate, exchange of properties, negotiation of rents or leases, collecting rents, listing property for sale, writing and presenting offers, negotiating options, conducting auctions, advertising real estate, prospecting for clients and customers.For sure find out what the laws are in your area and follow them.

For future reference, this could have been structured as a combined Reverse 1031 Exchange and an Improvement 1031 Exchange. 

The guarantor offered a year upfront in exchange for a modest discount, which I accepted.

If plumber  finds foreign object I bill tenant.  

This is when one must decide if private money is right for them.You can structure the deal to bring in a couple of money partners for the balance of the down payment, in exchange for a preferred return and some equity.

And in Milwaukee when the unit first comes on, the heat exchanger and cabinet must go from fairly often zero degrees to running temp before it ever begins heating the space.As far as leaving one till it dies before replacing...

I like the exchange of thoughts here.

The fed and the state exchange information.

He especially talked highly of the Exchange Club he was a member of.

Ok, So I have been speaking with Private Money Exchange about pulling money out of one of my properties.Here are the numbersLoan amount $23,000Closing Costs $6000 - Taken out at closingCash in my hand at Closing $17,000 and no money out of pocket24 Month Interest only $3450 - 15% intereste rateBalloon of $23,000So it will cost me $10,000 to get $17,000 cash....