You sometimes need an attorney to be the bad guy if for some reason they have trouble evicting, and attorneys are also used to hold money in escrow in certain situations where one side holds money to insure compliance on certain issues. 

CFPB will send communication to their counsel and/or compliance department, everyone will freak out and then reconvey quickly.

Any recommendations for a local consultant who knows Miami code compliance extremely well?

@Sean KrugerIts not vague.You sell property for $300,000, net of commission and selling costs.You have $300,000 to invest in order to pay no taxes.If you spend $150,000 only, you would have $150,000 capital gain remaining on the "boot" and the Federal tax would be 20% (probably) or $30,000 in Federal taxes not counting state and local taxes.So you are correct the 1031 buying one $150,000 property would have the same net effect and would not be worth doing, considering the time, costs, and IRS compliance.

I bought a pre-foreclosure once, as is, the seller is totally broke, property a total mess, and I as the buyer had to spend some money on the property to bring it into compliance with local zoning first before we can even close.

I just want to make sure I'm in compliance with the law.

Working in finance during my military service and working in Financial Compliance for the government has really opened my eyes to the financial world. 

the only hurdles I can see are:1 you capacity to identify a good deal2 Compliance to the mileuschutz rules if the building is located in them. 3 Your own construction skills or the skills and cost of getting external help. 4 your sellings skills.

I am still living there and understand I have to live there for exactly one year to be in legal compliance.

Hi @Esteban, I'm also just a pro-level member on a monthly plan, so I can't necessarily speak to the differences in BiggerPockets leases but I will say there are some options out there which allow for further customization and are up to date (ie. when a lease is created, the appropriate clauses are auto-imported based on the property address/location -- this way your lease has you covered and is in compliance with local regulations).