What Richard D is telling you is you can buy the house and own it but the person with the life estate has the rights of possession until they die, but you can buy these rights and the remainderman's interest then you will own the whole thing just like a regular deal.

Having spent years buying courthouse step properties my small commercial bank is all set up to produce cashiers cheques for me simple phone call

We had been inside for our regular inspections and had never noticed the walls becoming dingy over time.

As for watering the foundations I don't know anyone that does that regularly.  

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I have a perfect property I recently rehabbed and its ready to start producing income.

If the seller does not need the cash now and is happy with regular payments, get the longest term and lowest rate they will agree to.  

My first rental has a roof leak , my regular roofer is on vacation for a month .

Jerry Hernandez this is what I've done with the agents I work with regularly and it works perfect.

It is also possible to start off with a regular Forward 1031 Exchange (sell SFRs first, buy multi-family later) and combine or end with a Reverse 1031 Exchange if not all of your SFRs have sold by the time you must acquire your replacement property.