I can imagine a complicated mechanism that would produce an arguably valid 1031 strategy...but it almost certainly would create more problems than it solves.  

@Elvin Morales can assist. pm sent 

If they are unwilling to do that, then do no renew the lease.The water damage is a bit more tricky...since its a defect in the unit that created it, and they just did a ****** job of reporting it, then its harder to stick them with the bill.

So, I paid $7,000 cash for 6 yrs of full coverage on each home from Home Choice. (🤯😱🤬)But, it’s been a total nightmare.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

If they are smallish, perhaps an easier option is to create storage units in this unfinished apartment that the tenants can rent.

If you want to access the equity, you created by rehabbing the property your waiting period to use the new improved value can range upwards of 12 months.

My plan is to raise capital for the down payment through an investor and create an LLC with my father to get approved for a DSCR loan.

The customer service has been great at assisting to get me to that point.All said, I am happy with my decision and can see the benefit to help me scale my business.

This realtors long history of dominance in an area also brings pricing confidence when you are setting up your budgets on day one. if you are doing more than 1 per year and giving them close to full commission on the purchase and sale, you can really create a great team member who is winning every time you are.