Insurance deductible is $5k and I was not planning on filing until I found out about the total loss of the wood floors.  

My total all in was under $60k. 

It's totally normal for it to take some time, often about a month or so.

(No mortgage on any).the cash flow is a total of $3,100 a monthDo portfolio loans exist for these kind of situations?

Yes, I totally agree that oftentimes the best thing you can do is start and learn as you go!

Subject A's total net worth is roughly 6 million dollars. 

I'm totally with you on using real estate to give yourself the freedom to travel :) We love Birmingham as a market - we analyze thousands of on-market properties every day for investors around the country (also in the pursuit of giving time back!)

In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one. 

Additionally, it can help maximize renovations and improvements.36.4% of the total depreciable basis was classified as 5-year class life.

This past year they have started paying rent late to the point where the total accumulated time is about 3 months of back rent due.