So it's critically important that your conventional option can lend you up to 85% of the transaction...so you don't come out of pocket again.  

There are plenty of transactions with multiple owners (aka multiple people purchasing the property) with only one person on the loan. 

While my unit is 1 of only 8, so the large numbers might not apply in my specific case, your point on the potential to limit non-owner occupancy is something that never crossed my mind. 

That could be no garage (when all the other homes on the street have one), backing up to or on a busy main street, bordering or in ear shot of active railroad tracks, in airport flight paths, or where the subject property sits next to or across from a trashed house.

Yes I am thinking to hire a realtor, I spoke to someone in Redfin and they seemed like a good fit after initial conversation.Also I wish to know as part of the real estate transaction, can sellers and buyers communicate directly?

Unfortunately, not much of this helps at this point in the transaction process for you.  

Every deal is different and every syndicator is different.Typical transactions have an equity split between the sponsor and the investors.

You can then compare that to the company you mentioned and pick the best fit for you.The primary item to watch for would be prohibited transactions.

Hi @Jeff Cantrell, Yes, once you have closed on the acquisition of the new replacement properties it is too late to structure a Reverse 1031 Exchange transaction. 

The biggest issue is we have to close BEFORE 10/4 which is very tricky on our timeline -- otherwise the state will sell the property regardless of our transaction