I relocated the tenants to an Airbnb for $1k while it dried out and the plumbing was replaced.

He is an alleged engineer.

A licensed general contractor or engineer should be consulted to evaluate the wood flooring structures as well as the crawl space ventilation in regards to the moisture and damage concerns.

@Matthew Brown If you don't mind diversifying your real estate portfolio there is a way to take advantage of both financing options and all of the benefits of the 1031 exchange.There is something known as a diversification exchange that allows you to sell your relinquished property and purchase multiple replacement properties.

Building engineer investigated and reported they did not turn on the blower fan to the convector!

(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.

If you want to make improvements on the replacement property you will need to either have the cash set aside to make the improvements, or after you complete your exchange immediately do a cash out refi one of the properties to access some cash. 

I recommend you confirm that with someone else other than your agent.Food for thought…Insurance related: I’m currently replacing a roof on a house I own, not because the roof is “bad” but because it isn’t possible for the next buyer to get insurance with such an old roof (barrel tile, which lasts longer than the 30 years that insurance companies require).  

I was a project manager and engineer first, and bought a house hack years before I was licensed.  

I had to replace the old laminate counter top in my LTR because the previous tenants had a coffee maker that leaked right where the diagonal seam was, and the water buckled the laminate over time.I had to put in a new laminate counter top because of time constraints.