@Sean Monahan could you go into more detail about the incentives from local companies?

Good agent will say all the extra costs and everything.If you get it for cheap it's best to flip it asap.Cheers !

In addition to the potential increase in cashflow by doing a 1031 Exchange, it would give me peace of mind as this property is the only one in my portfolio that is exposed to a high risk of flooding during a natural disaster as it is located in a very low lying area.I am happy to provide additional numbers/details if there is anything I am leaving out.

Value (mostly sfr/cnd not apt), debt, equity, loan details, transaction history, parcel maps, etc.

. :)Caution: not every investor is in a financial situation where extra depreciation is helpful.

Most agents seem a little scared of them and the amount of extra work putting the loan together does not help......but if you are willing to jump through a few extra hoops they are great.It really helps when EVERYONE is on the same page regarding the loan. 

Sometimes the little extras can save you on the carrying costs. 

@Richard Sherman I received a profit and loss statement from the previous owner’s realtor, copies of lease agreement but no contact details for tenants just the names on the lease.

I have begun some demo as I started to work out the details but am thinking I should stop until this is finalized..

He may be charging you over market for these two properties, but you get his mentoring expertise, so it is worth the extra money.