Exactly, Frank.Dennis, just asking this with a straight face shows you don't account for risk, hassle, taxes or transaction costs, borrowing costs, partner and seller risk, etc.  

So it's critically important that your conventional option can lend you up to 85% of the transaction...so you don't come out of pocket again.  

There are plenty of transactions with multiple owners (aka multiple people purchasing the property) with only one person on the loan. 

Yes I am thinking to hire a realtor, I spoke to someone in Redfin and they seemed like a good fit after initial conversation.Also I wish to know as part of the real estate transaction, can sellers and buyers communicate directly?

Unfortunately, not much of this helps at this point in the transaction process for you.  

Every deal is different and every syndicator is different.Typical transactions have an equity split between the sponsor and the investors.

You can then compare that to the company you mentioned and pick the best fit for you.The primary item to watch for would be prohibited transactions.

It’s mainly to prevent subletting, but would also help in your situation.We also have a clause regarding illegal activity in the unit.

It’s likely not actual illegal trespassing.

Hi @Jeff Cantrell, Yes, once you have closed on the acquisition of the new replacement properties it is too late to structure a Reverse 1031 Exchange transaction.