First off, they shouldn't have been Replacing a roof if there's a good chance of storms coming through that day! 

I've seen a few clients get screwed when they acquired properties and State Farm had issues with their roofs (the roofs were fine!!). 

CU TXBank of TX FrostExpert Law TexasSpecial aspects of Home Equity Loans in TexasThe Texas legislature has passed laws that are designed to protect homeowners and their families, and the state did not even allow home equity loans until 1997.

Here in Florida, all the roofs replaced and car windshields have driven up pricing also.The only way it does go down is if we get more providers.

Also just so you know, they are not Hard Money Lender's they are your joint venture partner in every aspect of the deal.

The fact that being too irresponsible to pay for the roof over your own head is considered a protected class, is in itself, an example of the govt being out of control.

What was the 1031 aspect of this? 

Having 1-2 go-to vendors for the highest frequency problems… plumbing, A/C, septic, electrical, and roofing, I can pretty much make a 2-3 minute phone call and pass the problem to someone who will solve it with little more input required from me.  

Henry,It sounds like you are a sophisticated novice and thought through many aspects of what you're doing. 

This is when the program takes on another aspect of network (multi level) marketing.