1031 Exchange

It is a couple that is moving money through a 1031 from California to Austin but they are business owners and have not shown any income on paper in a long time.

So many of the con artists from the show have ruin lives promising questionable returns to innocent people in exchange of their hard earn money.

Essentially, would the seller financing be considered a regular debt to count towards the exchange amount?

Offer the realtor a service in exchange.

We can exchange information and see if the group fits.  

Properties bought for rehab/flip are held for sale (as opposed to held for investment) and do not qualify for 1031 Exchange treatment. 

Wondering what are the requirements for a 1031 exchange if i were to sell the condo and buy a single family rental unit ?

One thing to keep in mind is that with a 1031 he is probably looking at deferring at least a 200K tax hit - you can get a better idea if you know the purchase price and how long he owned the property. 

Remember, you can always 1031 in to larger properties.