Certainly talk to your CPA or your 1031 QI, both of which should have had a 10 second explanation at the tip of their tongue.

It has become too expensive to invest in another rental at this point.

If this isn’t the right forum, please let me know and I’ll remove the post.

Hi @Jon Pflueger to answer your questions requires more information. 

First unforeseen issues wipes out all cash flow and reserves.  

Quote from @Jeffrey Duck: I see no reason to pay an attorney for this, but it's your dime.The current lease was between you and Person B.

Never thought to inspect or check the water lines outside of the home prior. 

To really make a good informed decision you'll want to look at all of the metrics of your properties performance. 

Evan,You are going to want to check out SONYMA and Home First for NY.

.- Revolving Credit & Liquidity Management:Instead of taking out separate loans for each property, consider portfolio financing and cross-collateralization strategies to streamline funding and improve cash flow.- Creative Financing Solutions:Options like subject-to deals, seller financing, and syndications can lower capital requirements and increase your purchasing power while providing flexibility for properties with complex financial situations.4.