So now am bit confused with depreciation, and 1031 exchange as I am also using it as my primary residence so anything upto $250K should be tax free.

Foreign money and institutional money dominate. 

Also, foreign money is piling into the USA RE markets as they look for better / safer returns.All this is to say, I'm consolidating my position presently. 

Hard money- Ive never needed hard money before so it is a bit foreign.

Exchanges can fail for a number of reasons (as you're finding out).

This family has four children whereas the previous tenant had none, so it's pretty clear who caused the issue.My lease is clear:Owner will not pay to repair conditions caused by the Tenant, his guest or invitee or damage due to windows or doors left open, sewer/septic stoppages caused by foreign or improper objects in lines, or cosmetic items that do not impact the functionality or use of the item.

I hired a chartered accountant three weeks ago to help me with my taxes due to a 1031 exchange.

We learned that there are no bad notes, only bad prices, but many of these notes on exchanges should be sold for a dollar in my newbie opinion.

Feel free to PM me and I can exchange contact information if you want to discuss things further

Because you can't exchange into a property you already own.