I also completely agree with @Dave Foster - I find it to be a poor business practice to not have your situation ironed out prior to opening a 1031 Exchange account.

Ironically the house next store is exactly the same house and it's a short sale for less money.

If a thunderstorm is coming, don't go the golf course swinging a 1 iron.  

She did tell me who her moms mortgage which is ironically a bank I used to manage so I've got my associates over there doing some checking on that end.

It is all about finding the right tenant and an iron clad lease and the right tenant is not easy. 

Also, you need to get a Real Estate Lawyer to make up an iron clad Lease for you which would have the Tenant responsible for all repairs and leaks that did not involve the need to replace an appliance or toilet.

Maybe with some cosmetic improvements and (ironically) losing a unit, you could add value. 

So I have house under contract that I plan to fix and rent out.Has foundation issues (center of slab is the 'high point" and as you move toward the perimeter, the slab drop increases...so the edges have sunken over time...its an older house).Sewer test failed as well, cast iron pipes...typical of this area.Debacle:  do I fix the slab, the plumbing, both or neither at this time?

I’m trying to find a lender or attorney to iron out the details. 

Ironically, the property's entire roof had been replaced less than 3-years ago; all HVAC systems were less than 5-years old, apart from one which was 8-years old, each having been serviced yearly like clockwork with documented proof; only appliances that I believe were included in-unit were microwaves (no surprise w/ rent this low), although the necessary hookups were readily available for tenants who wanted to bring in their own appliances; and I know at least one of the buildings had concrete floors.