I can't imagine that any liability waiver would protect me if the tenant decided he was going to try to get the thing working and there was an accident--like electrocution.Based on some knowledgable sounding posters here on BP who remove ceiling fans, garbage disposals and dishwashers, I am thinking I am not going to find many folks that would think this is a good idea.

Garbage disposals and garage door openers.

I'm not personally familiar with Pacific Companies, but they will want to balance disposing of the property quickly with getting as much as possible.

A 1031 exchange with real estate essentially requires that you sell a relinquished property (or several) and acquire a replacement property (or several); all proceeds from the relinquished property must be used to acquire the replacement in order to defer all gains.So the closest thing to what you wrote in the OP is a "reverse exchange" where the QI acquires and the QI holds title to the replacement property and then you dispose of the relinquished property.

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I think your advice may be the very best way to increase the capital I have at my disposal, but I will likely just stick to saving half of my income and trying to be patient if my only options are between flipping and saving... but who knows!

Your best defense is to identify issues as or before they occur and be in a position to dispose of that inventory and replace it, hopefully with an early growth phase property.Market rents can significantly change in 5 years.

We attempted running a space heater under the sink(next to the dishswasher, where the drain line arrives to feed the water into the garbage disposal, but even after a few hours of that, we ran the dishwasher and it failed to drain?

ARV is what the market value of a property after all the repairs, improvements and holding costs (including cost to acquire and dispose of the property) have been spent or accounted for, those together with your expected profits and/or your compensation for the brain damage is where you need to be buying the property.After Repair Value is the future expected market value with repairs/improvements made. :)

What about trim , wrapping the windows , caulk , any rotten wood , disposing of the old windows , thats an old house , there are probably lead paint issues ( need someone certified) Look at the whole picture , penny wise and dollar foolish is a common mistake .