These agreements enable homeowners to access their equity without taking on additional debt.

There was a hole in the wall where the drywall was broken to access the pipes.

This assumes there or no CAPEX during those 11 years, which would make that recover of cash take even longer.Third, your equity is great, but it only has true value when you access it. 

Also, lenders generally view an LLC with multiple income-generating properties as having a stronger and more stable cash flow, which may improve loan approval chances.

Keep adding to it and improving it.  

And once you complete your 1031 exchange you could then do a cash out refi on one of the properties to access the cash you need, and fully take advantage of all the benefits of the 1031 exchange.You just want to be mindful of the time frame requirements in this scenario, but as long as you are proactive it shouldn't be an issue.

Been using them for year and they have improved ALOT and are still fairly affordable. 

Or you will need to come in with cash of your own if you want to purchase your replacement propety for cash.Your idea of starting with the 1031 to access 100% of the equity is smart.

In some cases the boat slip alone because they offer Gulf access can be rented for $500 to $1000 a month.  

We highlighted its prime Detroit location to potential buyers, enhancing appeal without needing extensive improvements, creating a win-win outcome.