It would make the 1031 slightly more complicated, but not much, and you should/have to enlist the aid of a qualified intermediary to help with those things anyway.

@Arlen Chou,Thanks for all your help, and glad you came to drinks some of the Oakland Kool-Aid w/ me ;)Happy I met that poor, paint-spattered asian contractor looking guy  in a beat-up pickup out in Oakland a couple years back :) hehe Working on my mini-me.

Some markets appear to be over heated:Home-Flippers Reliance On Leverage Rises To Highest Level In 9 Years Jun 8, 2017 11:15 PM“Home flippers financed an estimated $3.5 billion in purchases for homes flipped during the quarter, up from $3.3 billion in the previous quarter and up from $2.4 billion a year ago to the highest level since the fourth quarter of 2007 — a more than nine-year high.”The explosion in home valuations in urban markets like Brooklyn, Washington D.C. and San Francisco has inspired real-estate speculators to search for the next big score, with the highest percentage of home flips completed with the aid of outside financing occurring in Colorado Springs, Colorado (69.3 percent); Denver, Colorado (54.8 percent); Seattle, Washington (51.6 percent); Boston, Massachusetts (51.3 percent); and Providence, Rhode Island (47.3 percent).Matthew Gardner, chief economist at Windermere Real Estate noted that escalating home prices in Seattle forced flippers to rely on financing their purchases.

Also, had no idea you were enterprising all while in college too selling. 

Were we have used TIC's and it was a very common enterprise on the West coast until the states started throwing in Securities issues. 

My grandfather shopped at Sears, my father shopped at K Mart, I shop at Wal Mart, that is the way a Free Enterprise system is suppose to work.

they can if you ask look over the credit check with you and aid in an opinion.

All they need to prove is that you were told this was happening and you failed to report it, therefore you may find yourself in trouble for hiding or supporting an illegal enterprise.  

I say rip off the band aid and serve notice to cure when you meet with them, and proceed with eviction if necessary. 

That said, if she is a real pro, she may be on a first name basis with the legal aid office and qualify for free legal assistance.