You can profit from your proposed partner who is gaining experience from the seasoned investor simple by watching their process and asking them questions.My first question is do you own a home or are you renting.

I want to propose to my boss that we add debt brokering as a line of service to our business, but if I can't meet the requirements for the license then the idea is dead in the water.Thanks!

If lenders want the mortgage to get back in good standing, if someone were to pay the fees and penalties, and take over the mortgage ensuring payment, with good credit rating (essentially what Matt is proposing), why would the banks reject this?

So, to reiterate, what you propose is financially risky as @Jay Hinrichs, @David Faulkner, and others point out.

Properties acquired with the intent to hold for rental, investment or business use will qualify for 1031 Exchange treatment, but properties acquired with the intent to rehab and sell quickly or flip technically do not qualify for 1031 Exchange treatment.Assuming that he qualifies for 1031 Exchange treatment, the proposed transaction could actually be structured as one or three separate 1031 Exchange transaction.

One of these days, you'll call someone who knows that and you'll have to face the music - like this $45,000,000 fine that the FCC proposed just a month ago.Everybody, without exception, HATES getting telemarketing calls. 

Proposal: Our recommendation is to; -Excavate, remove and replace outside cleanout with pvc to proper grade-Tunnel underneath the foundation from the outside near the cleanout, removing hazardous waste, dirt, and old cast iron sewer pipe-replacing cast iron pipe with pvc with proper grade to meet all sewer ties, back filling with sand and dirtThey estimated 12k in plumbing work, with the following statement "Any siding, sheetrock, flooring, etc. removed which is necessary to the repairing of the sewer will be put back by others."

I spoke with an environmental firm about doing some elementary Environmental testing and they gave a  proposal simply in hourly amounts. 

Enter my proposal...What if I buy into their existing rentals?

The amount of rental income to include in effective income is based on 75 percent of: verified prior rent collected on the units (existing property), or the appraiser’s opinion of the property’s fair monthly rental (proposed construction).