You have got great responses from Ontario, i quite agree that your first and best option is to use owner occupancy informing them that you or a family member need the apartment as primary residence and for this to work smoothly ensure that the tenant is not a senior citizen or physically challenged because both are protected against owners occupancy.

Everything looks super smooth.

Things like contract language, acquisition size and type, sourcing of funds and lender access are all things that will go much more smoothly if your broker knows about your 1031 and knows enough to work with the QI.

We also had the concrete slab ground smooth to prep for flooring.So here's some updated pics! 

Bottom line I think it depends on the appraiser that does the report, and it may take some communication from you with that person to ensure closing goes smoothly.

I got it for 25k and it took 30k to renovate and is breath taking i had the house sold even before i bid on it and we officially went under contract last month i set the buyer up with RMS Mortgage because i have always had such an easy time purchasing houses through them. all was going smoothly until the title search showed it was tax acquired and apparently in Maine they have 15 years to come back to protest which is so wierd. so i looked up options and research lead to find out i could ask former owner to give me a quit claim deed. basically the conversation would go ( hey guess what you could claim to have your house back would please let me have it instead and take time from work to follow me to the notary please?)

Airbnb reports the taxes in the area so it's pretty smooth sailing once you get everything up and running.

Escrow is a third party company to make sure that the transaction goes smooth.

It took 40 days and very smooth process.

Overall the process was fairly smooth on our end, although its a little rough on the lender because of all the paperwork.