It may work out great.

You want to make sure that you have all of your expenses and income accounted for, list of your properties, and work out depreciation based on whatever Canada's depreciation formula applies. 

Workout, visualizations, affirmations and meditation followed by journaling what i am greatful for.

Work out the capital accounts and membership interest with your accountant and you'll be good.You can always refinance a property after a 1031 at any point in time. 

If it's a listing agent that brings you the deal you can represent yourself and still take a commission or suggest that the commission be applied towards the closing costs, which you'll have to work out with your office since, in theory, that commission has to be paid to them first.

But, you have the option to buy once you've paid down 20%.If you don't have money currently, this isn't a bad arrangement (assuming the numbers work out).

If not and you are trying to work out a JV as it seams then fill out a JV contract with the GC to cover your basis and open a joint LLC bank account and just split the equity/profit share at the end of the project after all expenses and expenses are paid for once everything goes as planned then give the bonus.

Disclaimer - I don't know if our process here in NJ is the same as TX.As far as financial compensation, my opinion (I'm not a lawyer, take it with a grain of salt) is that you can go after the seller for not disclosing.Hope things work out.

Sometimes tenants don't work out.

Just don't let the relatively low prices compared to CA let you get into other cities that don't work out.