Question on Contingency

[Sastry Konduri]

Hi All,

I am trying to offer for a MFH. 

1. The seller wants a non-financial contingent offer. My agent is asking to go in with a due-diligence contingency and if something happens with loan, we will use that contingency. Is it ok?

2. Did anyone do a drop/swap LLC swap before? What is the advantage(s)/disadvantage(s)?

3. The seller wants to do a 1031 exchange but does not have a property to do it. How are we protected in case he does not find a property and we perform?

4. The loan agent says it costs ~12k for appraisal of a MFH. Is it accurate?

Thanks,

Sastry.