A 1031 exchange is only an option if the properties you're selling and the property you're buying are for business use (generally, that means they have to be rental properties, used for your business, or held strictly for appreciation and not used for personal use). 

This compromise acknowledges the original agreement (that you wouldn't replace them) while also showing appreciation for her as a tenant.

I will say although I have tried to broaden my knowledge I'm completely fresh and new to all of this so any advice or help would be greatly appreciated!

Any replies would be great and much appreciated!

Let me know any leads, appreciate it. 

I greatly appreciate the advice you have given me an area to move my focus to when it comes to studying. 

I appreciate the solid advice, thank you!

I’m also thinking it could appreciate.

Tailoring renovations to these demographics can maximize appeal and marketability.Comparative Analysis with Surrounding Zip Codes43613 and 43615: These areas, with higher median incomes, might offer opportunities for higher-end flips but may also face stronger competition and higher property costs.43606 and 43608: While the potential exists, these zip codes may not experience the same level of market appreciation as 43620, which could affect profit margins.Strategic RecommendationsInvestment Focus in 43620Cost-Effective Renovations: Focus on upgrades that enhance fundamental property values, such as kitchen and bathroom remodels and improvements in curb appeal.

I'm of course bias, but we get a lot of Nor Cal investors here because we're driving distance but have low property taxes (that do NOT reassess on the sale), stable job growth, employment growth, land constraints that drive appreciation, and much more landlord friendly laws.