And you can buy more than one property.So what if you did a 1031 exchange and purchased two replacement properties. 

LVT flooring throughout, a modern kitchen with backsplash and quartz counters, double pane vinyl windows, custom baths with tile, lots of natural light, sliding doors off master to rooftop deck ready to be personalized, and a spacious backyard.

"If you are unable to make the required repairs, please contact the Senior Inspections Coordinator as soon as possible." should be replaced with "If you are unable to make the required repairs, you will be sued for discrimination"

This includes replacing an old/ugly homes with new/newer ones. 

What are you opinión of this deal: bought home for 410k, fha with 6% seller concession.The home is a live and flip deal. 4bed, 1 bathroom. 1500Sq ft cape, roof is mid life, no foundation issues, no oil tank issue, no furnace issues Renov 48k ( on a personal loan) ( New kitchen, second bathroom, landscaping, fencing, repair existing bathroom, New flooring, paint the inside, replace two window, repair deck, putca couplecof gutters,, update electrical panel, New major appliances)With the current market in my area ARV 560K (iam in upstate ny) Should I keep for 2yrs or refinance and rent this out?

I don't put it in b/c the cost of replacing a new one is too high (plumbing, possible backup, leaks, etc).

I wasn't sure what to do because the replacement of it might cost more than my security deposit.

Repairing something that's broken, depending on what it is, can be something they might be more likely to tell you you don't need a permit for.For example, instead of saying "I'm going to take down several walls and put new ones up" you could say, "I'm going to repair several sections of crumbling plaster by replacing the plaster with drywall, and putting in some insulation in the process" - if that's a fair description of course.It's a minor difference in framing, and might not matter, but where there's ambiguity I usually like to try to tilt things in my favor where possible 😀For tracking down the building department you could Google it or look on ripropinfo.com which is my usual launching-off point for researching properties - it has a column for the city/town website which can be helpful because sometimes towns change their sites from .us to .gov to .com or whatever (more often than you'd expect actually).

And with modern technology like pricing and property management software it is relatively passive. 15-30 minutes a week.

-Over $20k in water damages from a broken toilet that they proposed to fix when it was cheaper just to replace.