In my opinion the only scenarios that would justify this would be a significant appreciation or value-add play where the equity gain on the exit will outweigh the interim cash on cash return during the hold.

Take the number one goal that will outweigh that number one fear and use that as a catalyst to get you to your goals.

I do charge pet fees.  2) More difficult for tenant to maintain the yard as they will need to trim grass/branches around fence.  3) Potential future cost to upkeep fence.There seem to be more cons in my point of view, but the one pro is might outweigh them. 

Whatever financial value gained by staying in the house will be severely outweighed by the chaos it is likely to create in you and your children's lives.

I think my burning desire to finally acquire a property was outweighing the numbers and it was also minimizing the risk (betting on appreciation) which is a risk that shouldn’t be minimized. 

In LA/OC you will get 5-10% appreciation year over year and that will greatly outweigh any cashflow you will get out of state.

All this can quickly outweigh any potential tax deferral benefits.4. 1031 Exchange is a tax deferral, so it's not as simple as saying you don't have to pay $X in taxes. 

We all know that there are multiple reasons to own property so if the positives outweigh the negatives and your risk in the deal is low... why not?

The overwhelming recommendation from forums and books has been to use a Realtor because the value much outweighs the cost.

We've tossed around a lease option but would need the property tax savings to outweigh the depreciation.