I frequently speak with folks who are finding out that:A: They have a partial claimB: The partial claim amount is astronomically higher than expectedC: HUD failed to record their lien (not as common as A and B) and then was forced to pursue the homeowner after a saleSince FHA has been basically pushing everyone they can into a loan mod per "Covid mortgage rescue" plans, these will be an ongoing issue for many years to come.

Now that I am retired, I am eager to: 1) Gain hands-on experience in flipping homes in Florida, 2) Find properties with potential for value-add/forced appreciation, 3) Partner with experienced home flippers for collaborative projects.

For me, if a property has at least 15% forced equity and is cash flow neutral or better, I'm going to keep it. 

An investment of just $450,000 for the land and the 1200 square-foot house now has the possibility of creating two or three more units of housing cash flow as a rental and force equity of two or three times the initial value.

If you violate any of these rules you could blow up your IRA or 401k and the IRS could force you to distribute all of the assets in the IRA or 401k.

I have had a lot worse and never been forced to replace it to get insurance.  

In my experience, when investors force themselves into deals just to complete a 1031, they often regret it.Unfortunately, since you're outside the identification period, your only options are to either close on the identified property or terminate the 1031 and pay the taxes. 

If you were forced to sell this property a year from now 100% renovated is the most likely buyer another investor?

They are armed with cash and are ready to move quickly.

You can force appreciation by improving the property, but you are counting on market appreciation which you have no control over.