Its just not a main stream product that many people are going to be able to use that's my point.  

In reviewing our 2023 production at least 1/4 of all our STR (particularly luxury STR) and multi family sales were the result of 1031X transactions in which the seller sold a like kind property towards a high cash flow vacation rental. 

California for example taxes, HOA's, Sale prices all seem to eat any cash flow right out of the gate.

I spoke to both tenants and sent an email with photos identifying the cause of the cause damage, and as expected, the tenants on both sides denied the use of any such product.

What percentage of the sales price one would expect a seller to typically accept?

Your insurance company can help get you into the correct product if you explain what you are working on. 

The 1031 starts with the closing of their sale. 

A relative of mine listed his home for sale "as is". 

I was thinking about structuring a deal as follows:he owes the 1st mortgage $211kI was going to go in and give him $5k entry fee at the sale price of $235k.I need about 5-6 months to rehab the property, list it, and sell it off for the projected 375k.any guidance on how to structure this would be highly appreciated as I want to make sure that when this property sells he is only entitled to the $235k price, which $211 will be going to the mortgage pay off and remaining in his/and his future ex wife pocket. 

I have worked with her in the past and she will be a great asset to your team.Regarding your interest in conventional loans to include vacation home loans, DSCR, etc, I have helped quite a few investors with the same products.