I just purchased a new home with the intentions to rent it for a few years.  

It is not eligible for 1031 treatment because the demonstrated intent is purchasing a property primarily for re-sale.I gotta think the TV contracts are lucrative enough that they're not too worried about margins.  

Both (to my understanding) are written with the same intent.  

I think the intention is to protect from damage if the city's sewer system backs-up into your house during a rainstorm.

Hi Sheba,You have an interesting situation before you.  1031 exchanges are meant only for property where your intent has been to hold it for productive use in business trade or for investment.  

As a landlord you are just a middle man for this, doesn't make sense to me but it is what it is.If you cut those things there is more of a chance that he will intentionally damage your property.  

If it's a free and clear property it's an installment saleI would go to www.IRS.gov and download the installment sale infoIf it has existing financing you're looking at a subject to and a note, wrap or installment sales contract in MOIt really depends on what kind of existing financing, FHA or non-FHAI would see an attorney experienced in seller financingLastly regarding Dodd Frank I would sign a paper that helps the seller stating that "I have no intention of living in the residence and my intention is to rent it out to tenants"

I intentionally left out a lot of detail so you have the freedom to speculate a bit.  

yes you can. you may need to provide evidence of your ownership and your constriction plans and engineers drawings showing your intent for site. they won't just move it wo good reason. even then get ready to wait.  

This "developer" is an individual investor, who has developed a few houses on his own.The original plans were for the construction of either apartments or condos, and I think the developer's intent is to come up with new, realistic numbers (hard & soft), and determine if the market supports the margins.