:) What Bill Gulley knows about financial instruments is spooky.

That is simply another form of debt instrument.  1031 would come into play if you were going to sell your properties to unlock that equity.  

Close the bank account if needed, serve him a notice (the same 60 day), i don’t see why they will still attempt to pay rent on month 3, i mean, clearly there is already intent to not renew the lease on month 3 after you serve the 60 day, the mere notice alone “should” be an instrument to prove you do not accept any further payments nor lease 3rd month’s.

@Ian Voakes If people buy furniture with a HELOC the problem is with the person, not the instrument. 

Unless you have an unsuitable roof or tree shading, it would be difficult to believe that a solar payment - ownership through zero down finance - would not be less than the $160/month.

You might persuade the tenant to have it tested using an instrument from Amazon-several to choose from.

There is of course the marketing component, lots of legal water to navigate, and if you scale your business finance will certainly allow you to create more creative ways to get deals done and manage larger projects with creative financial instruments. 

Things may be different elsewhere but in my local market, the county assessor's website specifies the sales "instrument" of each historical sale i.e. deed vs contract.

Looking at deeds does not tell you whether a mortgage or other lien exists.To find any mortgages and liens that were recorded on the property, you can search in the County's official records (which for Clermont/Lake County is at https://officialrecords.lakecountyclerk.org/).You want to look for the owner's name(s) and the property address (depending on how you can configure the search) and look specifically for mortgages, liens, and satisfactions as the "instrument type".  

In general, their 'costs' are paid from the sales proceeds and they leave closing with a check or other monetary instrument (like a wire transfer......I'm sure real cash has been used from time to time, maybe bitcoin....you get the idea, something worth liquid money).