Hi All,I'm looking to do my first 1031 exchange and want to see if someone could explain the process of executing it and what the typical cost is?

@Andrew Rader STR’s have been very successful for many just like any other investing strategy but getting your plan down and executing properly is the most important.

Can anybody recommend any third party intermediary company that execute 1031 changes? 

This deal was an estate and was in pre foreclosure. we are specialize in finding and executing deals like that.

You should never enter into a contract that you don’t believe can be executed.

Thankfully they were able to pre-approve and issue a us POF letter, which led to an executed contract. 

Are you able to execute on the deal without one?

Did you execute a new lease reflecting the new monthly rent?

Upon executing the buy option will I need to bring 20% liquid to the table with the bank or will they use the built in equity difference between the buy option price and appraised current(5 years from now value)

An attorney ‘executes’ the contract, taking inputs (contract, title, funds), and generating the desired outcome.