Ask your mortgage company.

Being a lender for 10 years, all is that we required from the title company and the lender is that a notarized close was to take place. 

We also didn't take into account the slant in the floor either. 

Thanks,Harish. this would be typical of a larger commercial transaction.. what you can do is pay the appraiser and the Phase one company direct.. its usually done that way.

I'm still in the process of growing my portfolio, but have heard others 1031 all their smaller properties into a larger building and have a property management company manage, OR, set up a seller financing deal with another buyer that gives you the cash flow you desire. 

Also, be sure to notify your insurance company that while you are still living on the property, you also have tenants. 

When we miss, even a little, we don't mind being held accountable, fairly.  

I have been with a property management company for 2-3 years in Arizona and the property is being run continuously at a loss.

Make sure to account for property taxes, insurance, and any HOA fees, as those can vary significantly in different markets and impact your cash flow.

You could also add cash to your exchange account to reduce the debt replacement if you wanted.