Do you have that information based on experience and knowledge of banking policy or is there any law/regulation about it?

>If you rent that out without a true Certificate of Occupancy, a tenant can sue you for ALL of their rent money back. show me any law/regulation that states this.  

Investors should therefore exercise significant care when choosing their Qualified Intermediary because of the critical role the company will play in the administration of their 1031 Exchange transaction.It is extremely important to note that 1031 Exchange Qualified Intermediaries are generally not required to be licensed, regulated, audited or otherwise monitored by any regulatory body.

There are markets that have built in "gotchas" like the rising cost of insurance in coastal FL, regulations in much of the west coast states and property taxes in Texas; however, the deal itself is the most critical factor.

If this is a "store bought" fire place (not a wood stove) then usually only processed presto logs are appropriate because they burn at a constant speed and keep the heat down.  

However, too many risks with that, and too many regulations I guess...

You need to research/know the rules, laws and regulations (including HOA if applicable), like you'd do in any US city.

Quote from @Jonathan Greene: What are you looking to do in 2025 to grow, regulate, or downsize your portfolio?

Too many rules and regulations. 

We're limited in what we can post in the BP forums and on our website because of regulations and NDA agreements.Continued success!