First, the stairs leading down to it would likely need to be replaced.

During this renovation period would you, as the lender, want an Actual Cash Value or Replacement Cost policy in place?

If a landlord was responsible for each replacement it would add up quickly.

As a result, the few homes on the market command higher prices due to basic supply and demand dynamics.Many homeowners hesitate to sell despite potential profits, as replacing their home would be significantly more expensive.

In a 1031 exchange, the replacement property must exceed the total sales price of the property sold ($700K in your example), not just your equity portion.

Benefits:1) Tenants can't lock keys in house, they have to use their key to lock the deadbolt.2) Cheaper to rekey or replace locks (only deadbolt!)

I am now shopping to replace, but curious where I can learn more about the pros and cons regarding a policy like the one mentioned.  

Does anyone have any good recommendations for a good fence company in the Modesto area? 

Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land

Pretty easy to get a $6,000 to $10,000+ sewer dig up and replace cost if it's a perfect wide-open area.