Just thinking through how to set it up in the lease agreement. 

These goals should be very simple:1 - You need to pay off all your personal debt2 - You want to have enough passive income to cover all you monthly bills3 - You want to accomplish this by a specific date.4 - You want to have fun doing this.Once you set these numbers, you "reverse engineer" from there, establishing as series of groups (elements of the steps above) called "measurable milestones".  

Feel free to inbox me and I'd be happy to set up a call and chat.

He can set you straight.Best of luck!

So, yes, technically your wife can count towards the occupation requirement, but it's geared more for military members PCS'ing or setting up a household in a new location before the veteran can occupy the home, or a member on tour in one of those unaccompanied "hardship" locations where families aren't welcome, or on deployment, not for a couple who live in the same major metropolitan area.  

On the next set of boxes for question 9a I am supposed to declare the Type of Entity.  

So basically is there a set rule that says if a new tenant moves in under a new lease that I cannot raise rent to market, in this case it would be almost double. thanks for taking the time to chime in anyway. all input is appreciated  

A 1031 will start with the sale of that property so first you need to get with the commercial agent and set a game plan of either sell or lease extend, new lease and tenant or whatever.

If you are looking strictly cash flow and have a solid team set up in that location then it could be a great strategy!

A meeting was set up for me to sign docs, and briefly read docs as I was signing, the wire instructions were included.Just prior to wiring funds , there was a warning about wire fraud , and I noticed that no letter head was included with the wiring instructions.