I still think this is a common business practice, and worth noting that it's a practice that is done through a licensed broker.

Having statistics can justify single units as rental units is more practical as the MF.    

I can almost guarantee that they are not in it for the long haul like some small B&H investors.One of the things that I love about SoCal is that even if builders want to nut up, there are practically no empty lots near the prime areas left for them to build out, they can't build into the ocean, so the only place left to go is up, which they do but that is really expensive and time consuming, especially with CA building regs ... so regardless of if the market is super hot or just kinda hot (which is the SoCal equivalent of cold), there always seems to be a persistent shortage of housing here.

The more it hurts in practice or basic training the easier it is in the game. 

I think this all still counts as part of the inspection/due diligence period so it's relatively simultaneous, it just always happens in my experience that the inspection occurs before the title company finishes their business.We're probably going to withdraw if they don't resolve this encroachment/boundary issue.

Not very practical. 

We're planning on fixing this house and possibly simultaneously purchasing the next property as well, it's a vacant.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

If your tenant is willing to buy, no need for a 1031 exchange, via a non-simultaneous exchange method, you can do it simpler via a 3 way simultaneous exchange.As you noted, !

Because DEMAND drives prices;I've watched & Participated in the marketplace here.I practice what I preach.Borrow $$ 4 2 things & 2 things ONLY;A-Your primary residence, &B-to make MORE money than the Interest on that which You borrow.4-for the folks stuck in the "stinking thinking"(eg:how mich Bigger of a "schmuck" than me will the next guy have 2B?)