@Ryan Bergeron I have dealt with a lot of attorneys in CT on various types of transactions.  

There are a lot of opinions and ideas out there...I'd like to hear from fellow BP'ers.If you (as an investor) were developing the 'ideal' servicing options for NPN's, PN's and seller carry back transactions...what would that service include?

You have a license in the state where the property is being purchased in order to legally represent them in the transaction.

Truthfully, most multi-family transactions happen off market in my area.

But again, it's all guessing until you ask someone involved in your transaction.  

I immediately began using the money to invest so the fees (transaction and acct) at least will be covered by the gains.  

And the IRS rules do not allow you to provide a personal guarantee, this would be considered prohibited transaction.

Both parties in the transaction take risks and in this case the bank required the borrower to take out insurance to further protect the lenderI am not advocating any borrower walk away from a property.

I'll be in Ohio while looking for the properties and hopefully I'll be starting the renovations prior to moving back. 3) Is this type of transaction where the 1031 can be used?

It does charge a couple of bucks per transaction and if they opt for paying by one method (credit card??)