During our initial walk-thru the house, it had a HORRIBLE smell in the kitchen, an equally horrible smell in the family room (pet urine), and we found that the kitchen drawers and cabinets were infested with bugs - we had no idea what they were. 

The agreements also require defendants to advertise any future rental property as "Equal Housing Opportunity" properties, to maintain a record of rental applicants submitted by prospective tenants, and to report all discrimination complaints received to the Attorney General's Office.

If I'm able to execute a 1031, I know that the property purchased must be equal or higher value to what is sold. 

And if this was the only time. 2) Ask for an Elevation Certificate  (link here if you don't know what it is)  3) try to get a DECLARATION page (same link if you don't know what it is) reason being a savvy agent can port over the rate if the seller is getting a killer rate due to government subsidies. 4) you can either shop the NFIP and private flood market to make sure you are getting the best price and best coverage. 5) make sure you are working with an agent that understands flood insurance (ask how many flood policies they have under 700 - Not an expert) 6) Google search "Lloyds of London flood insurance" know there is more than one option and you can hire a firm to shop them all or do it yourself. 7) Google search "Private flood Insurance" Know there are a great number of alternative to the government program (NFIP) and they are not all equal so again working with a flood expert could make this option a much easier option. 8) ask your loan officer or realtor if they know of anyone that really understand flood insurance and an expert agent that can make sure that the loan closing isn't delayed due to incompetence in this field. 9) let me know if I can help.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

The amount of replacement debt allocated to any such expenditure is equal to the amount of debt allocated to such expenditure that was repaid with proceeds of the replacement debt.

It is very reasonable to expect a unit to sit one to two months vacant. 8% is equal to one month vacant.

Anything less than $875k (less selling/closing costs) becomes “boot” and is taxable up to your total cap gains and depreciation recapture.To avoid tax, 2 rules.1) replacement property price must equal/exceed the sold property2) you must reinvest All the cash proceeds from the sale

See #1.3 - They CAN give you an Option Consideration (100% of the price of the option) that is at least equal to what you used (you will have already closed on your purchase of the house) for the DP & closing costs.4 - If the above #1-3 are followed, the numbers read like this:   a - Your cost(s) are:         1 -  the DP and closing costs and,         2 -  the Mortgage Payments and Tax/insur per month   b - Your tenant/buyer (your income) gives you the Option Consideration and the rent, and           pays for the rest of the monthly expenses (i.e...utilities, etc...)5 - You profits are:   a - The spread between your DP/Closing and the Option Consideration   b - The spread between your monthly costs, and your monthly incomeJust don't mix the lease agreement with the Option to Buy agreement...in any way.