We must have the ability to access the property; with prior notes, in case of an emergency or maintenance issue.

A good QI will ensure that any details of a Construction 1031 are taken care of, so I would find one you trust and then consult them on the best course of action.For a little light reading, here are some articles on this type of exchange: http://www.exeter1031.com/construction_1031_exchan...https://www.1031exchange.com/improvement/https://www.cwscapital.com/insights/understanding-...Best of luck!

Banks want confidence that they will be repaid and using a property with greater equity may increase your chances of an approval.  

As painful as it may be, I would let karma take care of him and just move on to another location.

Good news is, the owner on title doesn't care at all and is difficult to communicate with.

I will forego $300/mo in extra 'cashflow' for a principal paydown of an extra $1000/mo. 

It hasn't been a bed of roses however, I've failed, lost friends, lost time, shafted by countless contractors, lost and ran out of money, and a multitude of other problems, but what one hell of an Ride!!!

Be Careful on the quality of work,  I have seen many different levels of "acceptable" work in the area. 

Anyways, City Waterproofing took care of it for me by installing a waterproofing system.

The key to sponsoring a 401k is the presence of an active trade or business, which may or may not have an LLC.A 401k plan, according to the tax code, can invest in nearly all asset types.