Share the details of your project as much as possible and let them know how much involvement and communication you desire from that person. 

You will still have to personally guarantee the loan, but the paperwork is in the name of your entity.  

I personally have bought all of brrrr and flip projects in Columbus.

(Other than the fact you have to reinvest all cash received obviously.)You also know that a personal residence can’t be 1031’d unless it was also a rental before sale, so the $250k exclusion wouldn’t apply unless it was both a primary and a rental.

I dont have any personal experience but have always been interested in the better group zip codes.

Check out the 1040 instructions if you want to find the penalties, and what triggers them.

it is possible to use personal contacts to find deals.

These sellers just don't trust folks (real estate investors) that can afford to send those types of mail pieces; it's just the mindset of the person receiving the mail piece.These niches need a simpler, "uglier" mail piece.

You’re probably thinking, I don’t know this person so why should I get involved… just remember that we’d both be in the same boat, we both have to trust and respect one another, but read to the end, and learn more about me.I was born and raised in San Jose, California by my beautiful, wickedly smart and fiercely independent single mother.

The IRS also allows deductions from interest paid on student loans, business interest, and personal interest, and qualified residence indebtedness.