He probably is not aware of the full scope of work involved.

Similarly I see some CRE lenders throwing money around again topped by dried up inventory and too many new, overpriced A-class developments going up just to create the perfect storm all over again - this time in the CRE space.

William Davis I don’t see why you need your own down payment if you create equity.

(Small MF's on normal sized lots being torn down are generally replaced with townhouses that are sold off individually;  or they are building SEDU/aPodment beehives;  nobody seems to be adding or replacing 4-6 unit apartment structures with decent size units)   Also if you are looking inside seattle proper,  be aware of all the additional rental regulations in place there which I love to rant about.   

That would not only void your opportunity to actually do a 1031, it would also create an immediate taxable event.Certainly a refinance where you pull cash out is no problem. 

Or should I try to find a pool of investors large enough to get the next property and create a new LLC each time? 

I don't think it is a problem asking a real estate broker for the cap rate in an area, just be aware that they may not truly know the answer (in other words, do your own research as well).

Have my monthly schedule for the rentals run from 15th to 15th (I see several advantages to this, but the fact that it would be out of sync with most landlords might create significant problems).3.

If you can afford to create a unit, how about: buy a different value-adding proposition?

Are there any other disclosures or forums I need them to sign or be aware of?