If he’s selling you something, then there’s a very good chance his “pitch” is not truthful.  

Couple grand maybe, unless there was some huge unknown problem that couldn't have visually been identified walking through the property.

Ana, to my knowledge, you won't qualify for a 1031 exchange unless you sell the property. 

We have a single family we BRRRed (ish .. we ended up selling on contract rather than renting) and a 5-plex here locally.

Thanks,Ratna what everyone mistake is some people is stuck in h1b for decades and they are too afraid to buy primary home, or to buy rental in US or even to apply mortgage which at the end, makes them losing the biggest opportunity to make money in real estate.In reality it doesn't really matter as income from cash flow is a passive investment, you could do even flipping business while on h1 as the profit is from buy and sell activity. 

Go to the sale and see what they sell for.   

@Courtney Couser what kind of commercial property are you selling? 

I am putting the home on the market next week and do not want to sell this house with permits that are pending.Thanks for your help!!

Investors might require a business banking account with high transaction limits to facilitate buying, selling, and managing properties without running into daily or monthly caps.2.

Or just $110,000 when you sell the property in 6 months, 1 year, 5 years, whenever you can find a buyer?