I agree with @John Underwood and @Bruce Woodruff!

I would agree with most of the comments and personally would not drywall over plaster unless that is a major reason to do so, like it is in risk of falling or failure. 

I haven’t heard of Capital Fundings, LLC, but I’d be careful and get the terms agreed to in writing.

Agreed - no issue with refinancing AFTER the 1031 exchange has occurred.The only problem one has is if there is cash out on the actual exchange itself. 

Give him your 10k then he carries the 48k at an agreed rate for an agreed time..

The only source for the information, processes, experience, and resources is a local investment team.We have an investor services business and have delivered over 490 investment properties. 96% of our clients are remote investors; they live in other states or countries.

I think most sales contracts would give you the option to terminate the contract and walk way if the seller had not met their obligations to close by the agreed upon closing date.

Here's the catch, they told me they would only agree to the deal if I allowed them to live in the house for the next 5 years.

I agree, House Hacking is a great way to get started buying real estate.

I agree that tile looks more high end but is more expensive.