What would be their motive; 1032 money to unload, depreciation angle? 

Copper Mtn was just getting going  And Beaver creek was just a wide spot I remember clearly seeing a big for sale sign..

State wide, the taxing system is the same where residential property taxes are determined by the taxing authorities mill levy.

I will give you the PM angle on this - to answer your question: yes this is common.

Buying this program would just give me knowledge of a different angle in investing that I may want to explore. 

Look if you take on debt and risk you need to be paid for that , if you are not being paid then don’t do it . i agree and im trying to look at it from everyones angle. i guess the problem im running into is that in my high priced market if i purchase a duplex and rent out the other hypothetically lowering my bills to say 800 a month or do I buy a single family house that costs hypothetically 1200 or so.

Nj has a lot of Consumer Rights which I intend on using but am trying to see if another angle could help to get resolution faster.

Hi @Chris Ng, The Reverse 1031 Exchange fees vary widely. 

There state wide, regional and in some cases local laws and guidelines regarding rent control, tenant right and you are creating a multi-family living situation that you may want to make sure you are covered by an enforceable lease agreement. 

If you are prioritizing low cost of capital, then calling banks is probably a better fit.Private lenders will vary quite widely in their lending criteria, so it may just be a matter of finding the right person.There are also hard money lenders that finance first-time investors.Are bank loans the only way to go?