After using that replacement property for investment for a year or two (long enough to satisfy your intent of the 1031 to purchase investment real estate) you move into it and convert it to your primary (not a taxable event).3.

The tenant should be paying the utilities, so your monthly expenses are extremely high.

So if that is true, how will future lenders know given that these are extreme circumstances due to a global pandemic?

I believe that this would be extremely beneficial in allowing me to secure a property back home with little down, since I don't have enough for a 20% down payment and costs of rehab.

Ask a couple of environmental firms what it would take to clear it up sufficient to satisfy the title company and/or EPA (or state equivalent).

If we show we are reliable, follow through on our word, pay our contractors/lenders on time, and work with people in such an extreme time of crisis and uncertainty. 

If we show we are reliable, follow through on our word, pay our contractors/lenders on time, and work with people in such an extreme time of crisis and uncertainty.

However, I was a little strict on what tenant I was looking for. 30 days later I was satisfied with a tenant that met my credit score and income requirements.

Tenants are sticky, maintenance is extremely hands-off and the returns are excellent.

The extremely high leverage rehab loans also were not being sold off to your traditional private lender, but the "Big Money" as well.