I intend to do a little on the side, come to understand how it works and build my own systems and processes around it, and then cut the umbilical cord to go all-in.  

But what @Alina Trigub was referring to was a specific process called a reverse exchange. 

- How far along in the recovery process is Fayetteville?  

I read the  biggerpocket article about it and seems to be a smooth process, however not sure if it will actually be this smooth doing it myself.  

Using  a local lender may be a smoother process than a national name like Bank of America.  

I've started studying different strategies, started reading some books, joined my local REIA , and met a few people in the process.

And as this is my first one, what is the process - have them get "qualified" by a RMLO before or after signing or negotiating....... 

Hi Bob,the only pitfall I see is that the ADU process is very slow, our new mayor is trying to improve things but the last time I checked 4 months ago, the SFDBI was announcing 6-8 months wait to get the ADU permits approved.

Hello,Can you explain the process for closing the deal, and what contracts to use?

I only run the check at the very end of the process and only if I am prepared to offer them the unit.