If you're thinking of living here I imagine operating this will be a challenge.

If I finance the rebuild then the 1031 exchange presents some challenges (I will need to land a property that cash flows or breakeven so that I can get the loan for my rebuild, or banks will count that debt against me).

Note: I have not formally warned the tenant about any of these issues.I am seeking guidance and advice from the BiggerPockets community on how to navigate this challenging situation and successfully evict this tenant.Disclaimer: This is a complex situation, and I understand that legal advice is best obtained from a qualified attorney.

Challenges?

This will allow the team to develop and review project processes and management strategies to move forward with more challenging, yet rewarding, properties.I come from a very process-oriented background (Mechanical Engineering), and my goal is to learn and develop each step of the process, from start to finish, to continuously improve the team and ROI of each project. 

Your background as a licensed architect with experience in commercial and residential projects is an incredible asset, especially here where so many members are navigating construction, renovations, and design challenges.Out of curiosity, have you worked on any projects that were particularly challenging or rewarding?

Challenges?

I’m curious about how financing works in this space, especially since land investments have unique challenges and opportunities compared to traditional property flips.

The combined entity would pose a significant challenge to other competitors.The offer is still under review by a special committee of Seven & I’s independent directors, with no guarantee of a final agreement.

Quote from @Nathan Gesner: Buying a house is straightforward; managing it can be a whole different challenge.