I personally have never bought any of Ron Legrand's courses nor attended any of his boot camps.

The responsibilities of the PM are defined in the agreement with the Board.

That is MUCH harder to do from a distance and when your personal experience may be with newer homes that don't have issues like this.

The IRS has a “same taxpayer” requirement for tax tracking – if the same person or entity is exchanging, it’s easy.If not, we’ll have to bring in our structuring attorney to ensure the right steps are taken to maintain 1031 eligibility.

Thanks for the response. 

I personally know this landlord and have had sit-down conversations with him periodically over the last few years. 

we build ground up and don't collateralize anything. we build at a discount in Columbus Ohio and we build cheaper than every builder I've seen in our market and because of that we make each person self fund a retainer account. we don't extend any credit to anyone. opposite of what you are saying. builders that bring value call the shots. 

I have asked if someone is teaching this offer structure and one person said it's common in land and the other explained it as a win-win situation. 

Hostaway said that the people they work with usually use their personal bank account or business account link to stripe.

Personally, I prefer a new build over rehab just because you know what you've got on it, but it doesn't always make sense money-wise.