And if your set up for an exchange then switching to financing is not really going to work at all. 

Factor in startup costs for furniture and marketing.  

I’m very skilled at construction job costing, inspections, design, and management.

Who all have you used to set up your LLCs for your investment properties?  

That is a setup for MEGA failure. 

My friend/business partner and I are working to try and set up a deal structure on a 1031 that is most equitable for both of us.

Unpopular response: Didn't he verbally tell you it'll cost $30K? 

,My stable consists of:1982 Mercedes-Benz 300D Turbodiesel - 27mpg regularly, few repairs, 192k miles, low insurance1998 Mercury Mountaineer, 16mpg, reliable so far. 130k miles2001 Mercedes-Benz E320 21mpg, reliable, 115k miles.My personal favorite is the 82; my costs are so low and it keeps me from speeding.

The setup fees are high and the annual fees are even higher.

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsBest of luck here at BP Nation.