Savvy investors realize the power of leverage not only in money but in time and skill set.

You can use the power of leverage to secure another rental property, assuming the math works out for you.

However, possible real world positive implications would be using your wife's name/income to qualify for some of your mortgages increasing the number you can have, or boost your buying power on a mortgage you both cosign.

I just don't want it to hurt my purchasing power.

Many of these apartment vendors have regional buying power, use professional communication, and manage the subcontractors; so, it's a completely different business model, pricing and service level.  

I love the kitchen, so many people underestimate the power of a beautiful back splash!    

It's an affidavit that deals with a lost mortgage and that the current hold affirms they are the bona fide owner with power to satisfy the debt and that the debt is then satisfied.  

But A) I had a compelling business reason and B) I actually did redeploy the money into real estate even if it wasn't in the 1031.How much trouble do you think I am in? 

I would imagine that as an individual, you would probably need a limited power of attorney, then you could call the loss mitigation department (or whatever it is called) and discuss on behalf of the seller.

Certainly, Class A is what can get overbuilt / over supplied over time and hence, those folks playing in that space need to watch metrics more closely that impact new constructions like absorption rates.