Thanks Kevin I have not done that yet just due to the fact that I wanted to get a little bit of a knowledge base so I don’t sound incompetent.

First off as a local investor with extensive knowledge of the area I have no idea if you’re rent projections are right bc you didn’t say number of bed and baths.

Your family might not have enough knowledge to give you advice or way or another. 

Again, as one poster said you, included the address etc of the violation, in your OP, so it's public knowledge now.

To the best of my knowledge, the fact that you already have the proposed property under contract prior to the sale of the relinquished property does NOT make a difference.Just don't close on the replacement property until AFTER you sell the relinquished property.Here's a link to a great explanation of the identification rules:https://firstexchange.com/content/top-ten-identification-rules-1031-exchangesThe resident 1031 expert on BP is @Dave Foster. 

I have 21 buy and hold properties at the moment and would love to learn and grow my knowledge base together with a mastermind group.

Just need to be extra cautious that I am following the rules & regs.

It depends on your wife's knowledge or interest in learning the tax laws.

I would love a side job in real estate to learn and earn a little extra money.

Some cities will not even allow us to expand a driveway or add extra parking to the more than adequate front lawn.Then again we inherited a duplex that had parking on the block behind the home.