., Then 1031 exchange can only be used to purchase investment real estate. 

My husband and I decided to get into real estate investing and pulled out 100k to start the journey.

Contact the condo association directly to request access to their official records, which should include maintenance logs, financial statements, and details on planned improvements or repairs.To ensure the information you receive is accurate, consider consulting with a real estate attorney or a local real estate professional.

If Seller has an owner's policy of title insurance covering the Real Property, Seller shall furnish a copy to Buyer and Closing Agent within 5 days after Effective Date.

How the money is distributed at closing doesn’t change your tax situation unless you did something like a 1031 exchange where you would not actually receive any money - the money would go towards another real estate purchase - to which there are a lot of rules. all the best!

I am getting some conflicting info from different Fidelity reps so I'd like to ask real customers of Fidelity here for suggestions.

I'm ready to get my draft notarized but thought it would be best to find a real estate attorney to review first. 

I’m already planning to find a solid real estate/landlord tenant lawyer in the interim to be prepared for whatever might result in the month. 

That said, assuming no tenant damage (and if it won't net you more rent) I wouldn't renovate if the tenants don't want it.I think the real question is whether the tenants are actually paying market rents.Good luck!

It provides liability protection, and in certain states, you get the added benefit of privacy.