But even then you have to understand that when they later sell you have forfeited your opportunity to do another 1031. 

Or is minimum bid 20K and the owner forfeits their 600K exemption?

The only reason that I found out was because I started seeing the property for sale on Zillow and Trulia and I looked online and found that he was delinquent in the property taxes and his LLC had been forfeited.

The lease states if the lease is terminated voluntary early, then they forfeit the deposit (they have 2x month deposit) + 2 months of rent.

Activities, both passive and active, do not forfeit their rights to change accounting methods.

I know this varies by state law, but so long as all the contingencies have been met (financing, inspections, etc,..) they cannot without forfeiting their deposit.

Although, maybe I should consider opportunity cost (what opportunities elsewhere I would forfeit if I don't take out the home's equity be selling).

Lender Has held note over ten years prior to last purchaser in 2009 and still holds after last Llc forfeited.

You are required to take loans to get the money out before you die unless you wish to forfeit the policy.

All parties sign and make it clear on the addendum the exiting party forfeits any claim to the deposit held by management.