You'll need to work with a 1031 agent for a full explanation and they will guide you through the process, but it sounds like the best solution for you overall.

@Chris Simmons  thanks for that extensive explanation and your final ruling on the value of LLC's . 

the lender determines that some other situation warrants an exception to use a lease agreement, the lender must provide an explanation and justification in the loan file.

Brian, Thank you for the above explanation.  

Have you at least reached out to the tenant and asked for an explanation?  

Great explanation. 

Every attorney (probate) that I have contacted gave me the same explanation. 

  +1,  there really is no other explanation to that comment.

PNC secured card is excellent start, put $250 - $500 on and DONT use the card. in 3 - 6 months apply for cap 1 card.additionally figure out if you belong to any credit union, they will accept a letter of explanation in regards to the BK and give a lot more credit than the big banks / card companies.With the knowledge i have from working at a large bank I have helped a couple family and friends go from a bk to a very high 700 score in two years so if you have any other questions pm me.I am not claiming to be an expert but have gone through this twice with people very close to me and they are both in incredible credit standings now.Regards,rob

There doesn't need to be an explanation.