Luckily, having a pro on your team makes an otherwise daunting transaction much easier.You have to purchase a like-kind property, which just means you can't trade your current real estate for a vintage car or fine art.There are some timelines to adhere to:You need to formally identify up to three like-kind properties within 45 days of selling your current prop, which means you should be looking by the time you go to market.You need to close on the new property or properties (yes, you can buy more than one if the math works out) within 180 days of selling the current prop.You can identify more than three properties if you need more choices or are planning to exchange for multiple props (often an issue for people selling very valuable RE or reinvesting in cheaper markets) but there are some rules:You can identify as many as you like, as long as the total value of all of them does not exceed 200% of the value of your current prop.

However, neither alone will provide liability protection so long as your name appears in any ownership.

And as long as you pay the LOC back you can use it over and over again...well, for about 10 years.  

As long as they are in good repair: cover them.

I have used hard money to purchase all of my personal rentals and I will continue to do it as long as I can. 

I will suggest you stick with your investing strategies as long as it is good, give great result, works and still conforms and fit into current market and economic realities. 

Basically the buyer checks out the property as much or as long as they need, with whomever on their team they need.

But if I was buying the property for a long term hold I would let the tenants stay as long as they wanted and kept paying rent.

So I think it's possible for you to do it as long as you are careful.One side note: definetly use an attorney if you form an LLC with multiple members.

spoken like a true wholesaler  win win.. as long as you win of course..