In my mind I could validate either way for a 50-50 split being that having money and the expertise you still don't have a deal so by me providing a deal that could be as equally beneficial.

I've seen data that, over the last 20+ years, appreciation with condos has been equal with that of SFRs in each SoCal county.

Personally, unless it was crucial, I wouldn't think hard about telling tell a seller I'm in a 1031 if the buyer's property has already closed and he has funds.  

@Lamar Washington I think mentors are crucial and can help you avoid mistakes and expedite your growth.

Here's the kicker: appreciation has been equal to $350 PER DAY during my ownership of that building.

@Dillon Francis@Derrick DillHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

I am exaggerating, of course, but the sentiment remains: if everything else were equal and the property were either on or off market—which would you choose?

Track RecordUnderstanding a potential sponsor’s track record is crucial.

Let me know what you think.As a matter of information, smoking is prohibited inside our rental units.If you decide that the apartment would meet your needs and wish to proceed with the application process, a “deposit to hold” binder equal to a month’s rent would need to be collected at that time.

Only the portion or percentage of the property owned by you as a tenant-in-common would qualify for your 1031 Exchange.The portion of the replacement property allocated to rental or investment use must have a value that is equal to or greater than the value of the relinquished property in order to defer all of your taxes.