If you would like to chat more about anything specific in this area, feel free to connect.

The 1031 must be a sale of investment property followed by the purchase of investment property. 

I 100% would keep the money if they do not check in.Your question specifically - We do not pay our cleaners for any scheduled non-cleans. 

I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

As for repairs on the purchase of a home prior to auction there are some professionals utilized by the professionals for costs to repair the home in best and worst case scenarios.

In my state the standard contract used by realtors addresses this issue by allowing the agent to check a box specifically to limit the seller to keeping the EMD as opposed to going after "liquidated damages" like that.

If you have specific questions about property management, I'll be happy to help!

How do you actually know the purchase price others are paying and their margin?   

Would be very interested to hear from experienced investors on your thoughts for these two areas specifically. 

I'm looking to purchase a single family home as an investment property (buy and hold strategy).