The only risk is if the company goes bankrupt (which in case I would then start self-managing), and the only costs I'll have to cover are potential structural damages (which would most likely be covered by insurance).Another plus side of having invested all cash, is that I will have potential access to lines of credit both for home equity (up to 70% of home equity), AND for future guaranteed rents (up to 60% of total 10 year rent roll).Already planning on the next property using the same strategy, but this time with traditional financing (looking for 100% mortgage).

Will,In Alabama, you must have a cashiers check equal to or greater than the total purchase price IN HAND when you go to the courthouse.

Jessie Niu hey Jessie, I am in the provess of seeing how much I can pull out and secure and from who.

It sounds like a total scam.

I provide "free" wireless for my tenants. this way my security system etc are all on the  wireless and my tenants can use it too and I can charge a bit more for rent. :)

Their mortgage payments will be paid directly to the lender each month in a timely matter, ensuring that our investment is secure and safe while protecting the seller future profits and paying down the principle putting more into the sellers pocket.Knowing that we are helping the sellers credit score and they won’t have to suffer as a result unable to make those payments.

I totally agree.

There are 6 adults total and 3 of them do not have a ssn.

@Jordan Northrup, Sorry to say but securities are specifically exempted from 1031 treatment.  

Also, the total percentage of houses that flooded in Houston is much less than New Orleans.