@Joseph Illing@Dave Foster is correct. 1031 exchanges have to be an arms length transaction.

@Matt Kistner - @Andrew Johnson is correct.

Explain to him that you prefer rent to be delivered through the mail system by the correct due date. 

The best approach to do it correctly is to systematize everything.And in that respect, it makes sense to use the same template.You can adjust that template as you go along.There is no point reinventing the wheel.Which is what effective flippers do. 

Ashish, yes, that's correct, room in house. 

Naina,If I understand this correctly you qualify for a 1.5 mil loan, and have 750K for a down payment for a total purchase price of 2.25 million dollar property.

Is that correct?

So you are looking to borrow private money to use for your down payment to get a bank loan correct?

I’ve been to the auction but all of the homes were bid up to 80+% of value.

But of course, this is not correct, as the numbers above prove.My question is, is my understanding completely off the line, or am I missing something small?