After that one needs to apply for commercial mortgage which requires 25% down and has a higher rate.

More importantly the tear down of the entire building basis could be applied as retirement or disposition of asset expense.

I do this when I estimate for rehabs, but I think it applies here as well.

I understand the time frame and all of that when it comes to the 1031 exchange, but wasn't sure if it applies if I am purchasing the new home with a partner.

I am wondering is there a way to get more applicants to apply?

Originally posted by @John Underwood:Just use a reputable company and you will be fine.Doesn't that apply to anything in life, even buying a pair of underwear? 

@Daniel Bryant If he is using the room for commercial purposes I don’t know if the eviction moratorium applies.

Hold the funds in the account and apply them one month at a time as rent charges are posted.If you are accepting X months of rent in advance, you should have a written lease agreement for that amount of time and I recommend some financial penalty if they elect to leave early.

I was wondering does the same apply to General Partners (GPs) or can GPs participate in 1031 Exchanges?

Lender also told me for my next property I will need at least 15% down and 6 months reserve and since I already have a primary residency I would have to apply for an investment property.