I currently sit at $258K to go on the mortgage and did this through a small bank, which I believe approved me for such good financing at the time.

The client is seeking a minimum of $3,750,000 to pay off the first lien, but would prefer closer to $4,500,000, which would provide a few months of interest carry prior to the potential new tenant taking occupancy.

Joey,Feel free to reach out and ask any questions you may have but Yes, you can use the 1031 exchange for purchase & renovations. 

Check for smells Smoke can linger, so you can check for smoke smell in the hallway outside the tenant's unit.

Is there any advice you can give me.

I am guessing you have considered these options, though. 

Thank you though.We did find 5 PM's to vet, and are deciding on the two that look really promising.Thanks again. 

How have you overcome this fear (or how did you work to ease this fear?)?

What are you all seeing?

What made you interested in investing in this type of deal?