FL is now basically going socialist by offering state-sponsored tax-funded insurance to replace the private insurance carriers who don't want to loose money any more.Home prices are also interesting: when the first row of houses gets washed out by a storm surge, you have for sale signs pop up in the second.

And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.

I always thought that the assumption of mortgage meant that they essentially replace me as the initial party paying off the mortgage and now they pay the monthly payments and have the title.

His estimate was $1400 to fix a leaky sink, unclog a drain, and replace a faucet!

You'll need some practice, and to slide the scrap piece around tapping as needed, you'll also need to replace the scrap piece most likely after a couple hours of uses.- Most annoying - there could be a slightly crooked or twisted piece from manufacturing that you didn't notice and then installed and threw off the whole floor.

I'm thinking that I just leave it as is and wait to replace it. 

I would like to get a "Line Of Credit" and pay off my investor because I need get the AC replaced and Electrical Breaker box updated.

Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

Current plan is to rip out the carpet, it's trashed, and replace with LVP (one of the four colors, not sure which is best to choose... see attached image), replace the laminate counter with granite.

A good amount of plumbing had been replaced and I didn't need to rough anything.