Good tips @John T.

It demonstrates my commitment and dedication to the investment.

If the broker tells you they "wont ask about who's renting" and you sign a statement to the effect above, youre committing mortgage fraud.

If the LLC drops the property to individual members and immediately sells, that’s where things can get uncomfortable.Many QIs and tax attorneys prefer seeing a seasoning period post-drop before the exchange, which doesn’t always line up with an imminent closing.If one partner doesn’t want to exchange, sometimes it’s cleaner for one partner to cash out and recognize tax, while the other plans a straightforward 1031—depending on structure.Since your CPA hasn’t handled one before, I’d strongly suggest looping in a 1031-focused tax attorney or a very experienced QI before you commit to this path.

Thank you for sharing this perspective—it motivates me to stay committed and keep pushing forward no matter the challenges.Hardik Mistry

Best next step: formalize, don’t guessBefore the current lease expires, request one of the following in writing:A short-term lease extension (60–90 days) signed by Catholic CharitiesOr a written guarantee of rent payments during the funding decision periodIf they can’t commit to either, that’s a signal, not an answer.5.

They’ve built systems around transparency, reporting, consistent communication, and working with older properties, including Section 8.While I can’t directly plug specific Cleveland vendors without confirming they meet your criteria, here’s how you find the right ones:🔹 Investor-Friendly Agents:Ask for transaction history with out-of-state buyersRequire references from investors they’ve worked withLook for familiarity with rehab, comps, and niche financing (DSCR, portfolio lenders)🔹 Property Managers:Before you commit, vet them on:How they handle maintenance costs and approvalsWhether they provide online owner portals with financials and photosTheir marketing + leasing process (turnaround time matters)Experience specifically with Section 8/CMHASince Cleveland’s housing stock and submarkets vary tremendously block by block, having a local expert who specializes in investor due diligence.

I suspect t that will continue.real estate agents are incentivized to market their area.  

You can see who is trusted in the community and  who does a good job in the timeline they committed to.

The investor provides the down payment, you get a loan and commit to doing all of the work and the investor gets something in return beyond just the % equity.