Business owners won't want to get tied up in litigation and if there is a good chance they will lose, it is easier to simply follow the contract.How would that work with a lower-end tenant? 

Just keep in mind each persons situation is completely different and small things can make a big difference in rates, fee's points, terms, etc. 

This would allow us to come to the table with less funds out of pocket on the front end when starting construction.Is the best way to complete the transfer of ownership through a traditional sale registered with the county? 

If the house has a septic system, especially if it's an older one, it's worth the investment to have a septic inspection done.This concern is particularly relevant for those planning to buy and hold the property rather than simply fix and sell it.

@Khyree RandallI completely understand how frustrating it can be when the market feels overly competitive.

@Adam AeroI completely agree with @Sofia Komrskova about doing it to code. 

Slightly increased the offer to quickly go under contract, but still had inspections and everything done before completing the deal.

So there might not be enough gain to need a 1031 exchange.If there is enough gain to justify the 1031 exchange then simply treat your replacement property as you would any other investment like @Daniel Osman said. 

The plan was to have the properties completed in 6 months make some money and be on our way to real estate riches.Turns out a lot of the framing was rotten and we had to completely reframe the back of one of the houses.

Hello, everyoneI would like more information on how to successfully complete real estate wholesale deals in Florida.