What they're offering you is called Lender Paid Mortgage Insurance or LPMI, in which they pay the PMI for you in exchange for a higher interest rate.  

The depreciation does not necessarily have to be re-captures.  1031 Exchange allows deferral indefinitely...However, if you are going to include depreciation, then include CapEx into the expenses :)

The Act allowed the exchange of silver certificates for silver bullion until June 24, 1968.

I've thought about the following:Sell all 7, take the ~250k after expenses and do a 1031 exchange to use as a down payment on a 20+ unit apartment complex (~1M or so)- this option would bring my career decision making process quicker. 

My question would be what do you think she should exchange it for?

Different types of rooming houses (ie. student, institutional, social/low income) will require different focus and skill sets.Boarding houses (meals served), group homes and care facilities require additional administrative effort in exchange for the greater revenue.  

Trying to build my team of International experts, ie; funding, legal, interpreter, money exchange experts and so on. 

Some that stand out to be great are Larry's Monday night meet up in St Pete and the Thursday morning exchange at Denny's in pinealls county.  

The bastards are just waiting for you to buy them off.The money you are wasting on lawyers and courtrooms could be given to them in exchange for leaving immediately.All you can do now is bribe them into leaving but,they will not let you go cheap.If they are true con artists they will demand 5 or 10 thousand and all negative credit information removed from their credit reports by you so they can start over again with a new victim.The "Blue States" are full of tenant con artists who use the law against innocent landlords just trying to make a living.Red states don't tolerate this delay tactics crap and evict in 60 days or less.

But you could not have a list of 3 100K properties and one 150K propertyIf you want to name more than 3 properties on your list and if their value has to exceed 200% of what you sold you can still do it but you must close on 95% of the value of your list (a most difficult proposition if your exchange is already in process but very doable with some planning).