Now you just need to hold on to the properties forever and hope they don't eliminate like kind exchange.Flipping is a great way to make money, but buy and hold is a better way to store wealth and generate passive income.

There is two options: Option 1: Take on the LP funds as additional debt, not equity.

It eliminates having to buy your third property under the 1031 timelines. 

MO allows up to 2x the rent deposit but KS only allows 1x rent deposit but will allow additional pet deposit. 75% of renters have pets, that's a huge amount of prospects to eliminate by not allowing pets. 

Bummer, I will refi the property and then pay off the debt.

The fact that the lender changes and possible the debt service changes does not in any way negate the cashflow. 

Here's where buying below UPB is so important since performing note buyers base their calculations off of UPB, not total debt.We are more aggressive, seek out the more delinquent notes, so getting re-performers is rare.The best out of the 3 looked like this:Purchase price:     $148,500UPB:                     $149,059Total Debt:           $217,829Market Value:       $224,500Sold to 3rd Party: $200,000BidderNet Proceeds:      $190,830Net Profit:           $34,034I would definitely buy from Revolve again in the future.

My big concern is how can I transition a cash purchase into long-term debt and how long would that take?

Get rid of debt, build a budget, and save.

ie; eliminate personal debt, invest in better data metric platforms for leads, invest in direct mailing or perhaps join mentoring and mastermind events?