Directly here is not where you will find a solution I recommend a few consultations with a few accountants to get some answers and determine the best course of action. 

Attorneys are very expensive but one generally dares not make a move without consulting one in this litigious state.  

A local restaurant owner funded the entire project, I handled day to day operations (hired and monitored contractors, yard maintenance, holding costs, etc...).

A local restaurant owner funded the entire project, I handled day to day operations (hired and monitored contractors, yard maintenance, holding costs, etc...).

Always consult with your attorney before you rely on the above information.

They give bits and pieces of structuring their deals, but as far as the actual contract goes, you may want to consult with a lawyer in your state.

Yah he came back around and agrees he needs an engineering consult.

Always consult with your attorney before you rely on the above information.

This will change, so you have to keep monitoring this.B) - Analyze your Current Exit/Flip potential   1 - List the Current Sold Properties over the last 3 months   2 - Slot these properties in the Ranges established above (A1)   3 - Establish the potential profit by using the spread within the different reangesC) - Analyze your Current Exit/Cash flow Potential   1 - 3 - See above as applied to the Rental MarketThere's a lot more to this, but these are the basics.When the properties for sale fall below the needed $#### to enter (to make a profit), don't wait...pounce.

However just beware the the biggest firms will not be able to give you access to senior consultants who deal in 1031 regs all the time.