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. 

agree .. other wise its just the bottom feeders looking to take his equity from him  with couching it as a rescue.. his best bet it to sell if its owner occ the profit is tax free .. regroup and start over.. 

By poisoning the rats, you're letting them roam free into the world where people's pets can eat them, not wise. 

I'm interested in learning about rental property investment, looking to build a rental portfolio, exploring real estate investing to replace my income.

It turns out the machine was allowing free washes, and with a replacement part should be back up and running. 

I can add some insight and if you search around on other forums hear you’ll find the same …While investment wise it may be good please do your background on which wolves your trying to den with . 

We hope that you can remedy the situation so that we can move into a habitable home.Suggestions that we have to fix the issues:Hire a company to rip up the carpets, treat the subfloors, and replace the carpets, at least on the main level and on the stairs.Provide an air purifier as a start to remedying the smell.Replace the garbage disposal.Hire a plumber to fix the draining issue in the bathroom sink of the smaller bedroom.Fix the tiles in the upstairs bathroom so they no longer present a safety hazard.Replace or fix the screen doors.Fix the gap between the windows and the walls in the living room.Hire a professional company to treat the entire home for pests.

But if you do pick wisely and strategically.

A replacement has not yet been identified.

You must have the intent to hold the relinquished property and the replacement property for rental, investment or business use.