Bank-owned properties can be wholesaled using disposable LLC's where you create LLC's for the purpose of making offers, when offer is accepted, you sell the LLC to another investor so they now own the contract.

Doesn't that defeat the purpose.

Not sure if there are better systems out there fit this purpose. 

For litigation purposes if needed.

You purchase price needs to be at or higher than your replacement property or you could face boot issues.Also know that certain proceeds for the 1031 exchange cannot be used for loan expense purposes when buying the replacement property or they become subject to paying tax on the amount used. 

They’re more concerned about repairs to add value (for refinancing purposes) I get it you want to be able to refinance but wouldn’t you rather gain 6 income or producing units? 

In a reverse exchange the QI sets up an entity that will take title to those three properties using a single purpose LLC called the Exchange Accommodating Title Holder. 

She also divulged that he said he was willing to discount estimated repairs needed if any found in the inspection.I believe his asking price and terms are fair but the numbers just don't crunch for our purposes.

I've been diligently looking for properties for both flip and buy & hold purposes over the last several months.

I needed to do something to give a couple spaces purpose but couldn't spend over 1% without a negative ROI, so I rented a couch and a 6-piece bedroom set from a rent a center place.