You really need to provide a lot more detail it's hard to give any practical advice without it 

This is standard practice and is done often, hence the reason the lender has suggested that you QCD ownership to your LLC post closing.  

Hi BP! I've become more interested in the multi-family space recently after reading Multi-Family Millions by Dave Lindhal and various multi-family related market reports. One question that has come up is around refina...

@Mike A. as an Maryland/DC attorney who practices in this area, I have to ask what you are looking to accomplish by sending a letter.

She learns best from reading practical books, so I think that's a good starting point for her.

@Janeen Bertolina, Since 1031 is a federal statute it is practiced the same in all states. 

Fortunately the Fed has had some practice in stepping and and supporting the financial system from the 2008 financial crisis. 

I have a private medical practice/recently quit my W2 job.

In Arizona it's practically like nothing ever happened.

In practice, however, I've never heard of (1) a bank realizing that the property was sold, (2) caring, since they're getting paid, or (3) exercising that clause.Some people only do Subject-To for a short time while they work out another exit clause.