The forbearance will ruin your credit for 2 to 3 years and will prevent you from getting any kind of decent loan.

That's my take, unless there is something specific in Texas that prevents it.Oh, and I agreed with the other post's comment. 

This prevents any scary letters or threats from the bank. 

So 40% tax free and 60 taxed plus depreciation recapture.The 5 year total ownership test is how the IRS accounts for the previous property in the 1031 and attempts to prevent the abuse of carrying forward large gains for only a short time before converting to tax free.

Maybe in the future the way this country is going but not this year.Abbott has already done the opposite and in 2015 signed a bill preventing liberal cities like Austin from having local ordinances that force landlords to take vouchers.

Those would not be addressed in the written lease.We ask for an estoppel because it prevents the parties from forgetting or hiding something.

If you find a septic designer in your area, they should be able to tell you if the system is adequate for current usage or whether, if any part needs to be replaced, it would need to be upgraded; then you could speak with a septic installer and get an idea of the cost for all or part of the system.  3) Can you control the behavior of the tenants to protect the system (can you prevent them from flushing personal products down the toilet, or pouring bleach down the drain, or washing paintbrushes in the sink)? 

Are there any restrictions that would prevent me from renting my current residence, if I purchase the new one?

I am a bit anxious because this is water damage and it looks like black mold is growing, plus I want to prevent further damage and I never dealt with another landlord before. 

I don't think your credit will prevent you from getting either FHA or conventional.