We all insure our health, auto, homes from fire and theft - most want to avoid paying for flooding coverage.

Imagine the worse- war, theft, lawsuits

It doesn’t understand why identical houses have a 50-100% price difference. 

The house next door to me is almost an identical build without the third floor studio apartment and it just sold for $245,000.

That means that after 45 days, you still have wide leniency to negotiate the best possible exchange and close within the time limit.Furthermore, the properties that the IRS defines as “like-kind” don’t have to be identical.

I own several “pairs” of properties on the same street with identical sf and build dates with very different taxes. 

If you can't verify someone's identity, credit worthiness, or other risk factors, then that's a legitimate reason to deny their application.2.

Especially when you set up the controlling entity in states that legally do not have to reveal the owner's identity, such as Delaware or Wyoming. 

#9- Require that your Private Money Lender disclose their full identity, personal and company contact information that can be verified, skip traced along with proof of the nature of their business, bank and client references etc.

You don't want to get into a situation where unforeseen construction delays and repeated vandalism/theft forces the property into dissolution (aka. you run out of money).