My lightbulb idea was to sell the land and use that as the down payment on a small multifamily or apartment building here in the KC area, and utilize a Section 1031 exchange to avoid taxes on the sale of the land. 

We share the same legal address, utilities and airways.In this specific living environment with a spouse that has been hospitalized with allergies due to pets, can we decline to accommodate assistance animals in our own home residence?

Yes, there could be surprises at inspection, but utilities, lawn services, and leases should not be part of that. 

Non-traditional trade lines would be things like your cell phone bill, Netflix bill, utility bills, etc. 

You'll notice quickly that there is a common theme throughout the information and you just need to figure out how to apply it to your particular situation. 

This has allowed us to get rid of PMI and utilize a HELOC for any future investment purchases in the future.My best advice for you would be to find a local real estate agent who is familiar with what you're trying to accomplish, a lender who can offer renovation financing (and navigate it smoothly, as sometimes they can be more complex), and a contractor who will be able to take on this type of project with the bank.Best of luck!

@Ivan Barratt Curious why 65% instead of the typical 70% rule commonly discussed here?

I have 7 meters for the building.  6 apartments plus the common area meter

Agree with other posters that if you have lost trust in this contractor, even if cost more, you need to cut your losses and find a new one.As to what to do with the existing contact; depends on a number of different factors having to do with the size of the contractor, how big the contract is and emotionally just how upset you are about things.If this is a small contractor then there are likely few if any assets in his company and it is generally very easy to shutdown one LLC and start another one with a similar name so suing them is just a money pit; its not fair but very common.

$250K ARV - $140 Purchase - $25K Rehab = $85k - $15k Commissions = $70KCarrying costs, utilities, taxes etc will lessen your profit, but it fits the (70% of ARV - Repairs) formula in terms of purchase price.Can you get it for less that $140k?