Like anything, the devil is in the details and I get the feeling not a lot of folks have a firm grasp on the many difficulties that are entailed in the 1031 process. 

Does anyone have any experience with how this works and, especially, what this entails with the mortgage company?

That work entails new outlet for a 4 prong, creating a recess so the stove is flush with the cabinets and doesn’t stick out, removing the pedestal base.

$15k means nothing without knowing what this cost entails.

if it's less than one or two days of your income, a letter reminding them of some of the legal conditions your state requires for charging you and cross your fingers(use less than two hours of your time)....if they are going for the whole deposit, small claims court and all the preparation that entails(pictures, quotes, statements, documentation, etc), could be up to a week of your time, combined How much time will it take to get what amount of money?

I am new to RE investing so I don’t know what is entailed with all the transactions, paper work and reporting.

I clearly explain to potential tenants what the background check entails.

@Robin Gonsalves I would try to reach out to people in any RE field and ask if they need help so you can get a full understanding of what the job entails.

Currently, we don't feel comfortable with the amount of exposure that would entail. 

It’s a whole ‘nother beast when you actually own the home and start opening up walls.For us that entailed running entirely new electrical, plumbing, and the furnace is crapped out mid winter.