In the absence of such, both of you will be extremely frustrated with each other and perceive you both got the short end of the deal. 

We are now talking to the mortgage lender (the same lender for the three replacement properties) about securing a significant line of credit using the apartments as collateral so we can do some other short terms deals with "cash purchases" then refi, etc.Are there any considerations or gotchas/ endangerment with this idea the regarding the original 1031 exchange?

Long story short, there "emergency services" took 4 days to fix a leaking water heater. 

Long story short I’m being sued by the plaintiff over lawyer refusing to credit the seller for taxes supposedly paid.

Short version is like everywhere prices are rising but there is real growth and there are still many opportunities.

I'm more than happy to talk to you about my short time as a first time investment buyer from a Military Standpoint, using VA loan, etc.

It might sound like music to your ears, but a lot of times they're just telling you what they know want you to hear just to get their foot in the door. 

A city representative told me that the property may be "grandfathered" for short-term rentals (less than 3 months) since their records indicate that the previous owners did things on a month-to-month basis.

Long story short, they came back and disputed and made their own calculations, ultimately showing we owe them some of the deposit back.  

When you try to squeeze the rehab down in order to hit your goals, there will be someone who gets the short end of the stick.