Account Closed You're right about the possibility of everything is on the table for rehab.

The Qi is managing the process.Even though the money does not leave the closing table we're always in place so that the settlement statement shows the correct documentation of the 1031 including the correct assignments and notifications. 

I mentioned this as you said the house is a gut job.Your second example: That would work but remember that if you take cash off the table on the way into the long term money the loan will be considered a cash out by the new lender meaning, you'll take a rate hit and a LTV hit (a LTV hit might mess up the loan to value ratios and kill the loan too).

Find a Loan Officer you feel comfortable with and lay all your cards on the table.

The likely answer may be sell the property since most indicators suggest we are at the peak of the market, but you’ll need to determine what additional upside in appreciation is left on the table, and the probability of you being able to capture that gain vs risk of losing your current gain.

For example My old PM (I fired) his plumber quoted me once 3k to put a sump pump and French drain in a house that had water getting in the basement and when I flew out to check on it in person I discovered one of the downspouts wasn’t attached and that’s how water was getting in the basement.

I agree that they are all scratch over time especially around kitchen tables.

We went across the street to magianos and got a table right away. 

It all depends how the deal is structured and how much of your own money and work you bring to the table.

Lay your cards on the table as to what type of property you are acquiring and what your plans are and they should educate you on the type of coverage they have to offer.