Will do get another rounds of inspection done and start the treatment. 

You can’t receive the cash or it will spoil the 1031 treatment.

Buying through cash or leverage has no impact on the tax treatment.

Even though I inherited nothing myself, I also think your equal treatment theory is also a farce.

Finally, my treatment of over-decking above is fairly high-level.

Few places have a shared sewer treatment pond or operation but if they do that's another lending concern.Just goes to show, all RE is local.Jerry, in your area I get the concern over fences probably out of the old range wars.We'd knock out wall/drive/road agreements in usually two pages for loans when they didn't have one, pretty simple, probably not as great as they could have been, but made underwriters smile getting deals closed. :)

Lesson learned...preventative termite treatments, annual inspection, termite bond on all rental properties.

Due to the tax treatment on personal residences this $200,000 comes into my account tax-free.

.#1 should be handled by a licensed termite company, and -- while it will depend on the location, size of property and type of treatment -- you're probably looking at somewhere between $500-1000.#2 is about determining the extent of the damage and repairing it.

I'd have to do some digging, but I believe there is an issue with IRA's investing into S-corps due to the favorable tax treatment of both.