Income production is not a requirement to be eligible for 1031.Where you'll have issues is that Pennsylvania does not recognize the 1031 exchange for deferral of state taxes.  

There's just too many what if's here to be productive in elaborating, you need an estate attorneys help asap!

Unless you have a strict maintenance schedule I wouldn't settle for anything but top quality products.

Wealth is the by product of someone who creates value for others and businesses that are long lasting, create incredible value for customers.

Hope that makes sense, the bottom line is shop around and choose which loan product works best for your particular circumstances.

This may not be ideal, but it is one way.The other way would be to work with a lender who has access to Non-QM products, and whose overlays do not restrict the number of financed properties allowed.

When you have a clear definition of the tenant base, you gain clarity on which strategies to pursue and can provide a better product to the market, which tends to improve one's odds of success. 

Anyone have experience with this product?

However, if there was any intent to hold for productive use in trade business or as an investment then there is a possibility that they could sell that and do a 1031 exchange into the lake front home.  

People who waste their time in viewing a house to give a price before the house is bought is either desperate for money, or does not have enough experience on the trade, both do not end up great when it comes to product.