I would be concerned that it is a mistake and the lien may be voided.

To Whom it May Concern,We are taking out a HELOC in order to upgrade our house, and to maintain liquidity in the event that anything else comes up, including family emergencies.

The 1031 is only for real estate that you sell and then purchase other real estate with the proceeds.Giving someone a lease option doesn't concern me from a 1031 perspective. 

A Water Dept. turning off someones water is NOT public record info thus there are concerns over privacy and your right to that info.

My biggest concern after all the reading I've been doing is, who do you trust?

The amps and voltage concern me too.  

Water is a concern when putting down over wood substrate. 

My biggest concern with this property is the yard is fenced in, but the fence along the backside of the property is one of those big cement walls that has a busy interstate on the other side of it.

You want to make sure it's a good deal now and any further appreciation is icing.As far as negotiating is concerned I would listen to your own voice not that of the agent. 

Hey BiggerPockets family, I am analyzing this wholesale property as a potential fix and flip and I am pretty concerned about the foundation and exterior brick wall.