He wrote "as is" no inspection..which is not what she wanted. .So  from the get go and subsequent contacts, she is pretty annoyed with him.  

They don't.The tenant attorneys flat-out LIED to the judge,who subsequently ruled against the owner based on false testimony.Including huge capital gains taxes from a forced sale that the owner tried to avoid, the owner lost $10 million.

And just because I'm feeling like a party pooper anyway - @Shawn Corcoran, the 1031 must be a sale and subsequent purchase of new replacement property. 

The deferred basis is rolled into your replacement prop(s) so you would pay those taxes when you eventually sell the replacement prop(s)....unless you just keep executing 1031s each time, rolling more deferred gain into each subsequent property until you die.

Mostly, after the first small down payment, subsequent payments are based on milestones of task completions. 

The only online information I can find is relating to inspections reports from a previous buyer that ultimately did not purchase and the homes was subsequently back on the market and another buyer then asks for those reports.Thanks.

If you subsequently rent the property you will eventually lose the Homestead Exemption.

Whether you trade time (w2) or find other ways (business income) to create value is up to you.For me, I started a management company and subsequently grew a syndication platform; both of which provide cash flow and value creation. 

If you were planning on not being the buyer for this exact reason, and you were planning to partner with another investor to step in as buyer and cut you a % of the profit, note also that the HAFA Affidavit says that if there are any "agreements, understandings, contracts, or offers relating to the current sale or subsequent sale" that they need to be disclosed to the lender.

Therefore, your returns from previous years contribute cumulatively toward your investment basis, which the 8%/year for the subsequent years is based off of.