You can stay right on top of your asset since you live there. and since you hand picked your tenants you should have a pretty tight ship.. and not subject to PM and other risks associated with out of area rentals.Anything else ?  

But I definitely agree, this deal will be fairly tight, but that's why I'm here for input!  

We could have tried to do some re-grading, but I feel that this is a better long-term solution.As a result of raising the foundation, the house will be raised up 5.5" and we're tight on our tent.

It's not me who is going to pay final price anyway.Bigger problem that I'm kind of expecting is working on tight spreads, very strict rehab rules (=high standard = high rehab cost) and difficulty of finding motivated sellers.

We stretched our capital pretty tight during that period and the thought of having a bridge loan to the parents made me paranoid as heck...

I wrote out the offer and handed it to him with a deadline of 5 days.

I said to him I have some lenders to work with I know how to find the deals I need someone to help run a tight ship and he came on board.

The deadlines of 45 days and 180 days would remain the same, as would all of the other 1031 Exchange requirements. 

It is a very tight market here in Denver, and a little bit of luck is definitely required.  

And if they get tight on money you know it right a way.