All people on the loan need to cooperate or else the deal likely will never get done with the servicer.

After a listening to a bunch of BP episodes and a ton of reading, I was still a bit overwhelmed but also realized that I had to test out my new found knowledge somehow.

I am searching for a multi family and could do a 1031.Here are the numbers:I owe $97K and it will sell for $180K.Mortgage with interest and escrow is $1225Current rent is $1500, but I could get $1600.The property has a pool, and I have a service that cleans it at $150/mo (don't trust tenant to do maintenance).So NOW, I get $1500, pay $1225 Mortgage, $150 Pool Service, $75 Vacancy (5%), $150 Maintenance (10%). 

@Jon Underwood Fair point, I just saw this as a cautious way to test the waters.  

Get more trust out of your investors first by being performance based and then when you're more experienced, everyone will expect a certain level of service and will be more comfortable with something different. 

Here's a link to the page in the city's website, if anyone is interested:http://www.hartford.gov/dds/232-development-servic...

Their first goal is to have longterm tenants so they work hard on customer service.

@Kevin Kraver I service the metro Detroit area.

Books, seminars, etc.) that they have read or tested?

I suggest that you put together your own, personalized stress test for such a scenario.