I always file for extensions so my 2021 tax returns (which will look a lot better) will not be done any time soon. 

I love the 1031 and have used it extensively for myself over the years. 

Hi Whitney,Talk to an attorney local to the property.You might be able to get a financial judgement (trebled).Step one might be to get three bids on (comparable) replacement systems.American Standard, Bryant, Carrier, Lennox and Trane are names of some furance and A/C (HVAC) manufactures.And realize a new furnace A/C (HVAC) might force you to change the thermostats too (or not).Trying to figure out costs on this yourself (with any resprayed insulation up there) might be pretty tough, (plus you have to buy whatever new refrigerant is required in your area--and the new stuff can be very very expensive).You might be able to pick the brand you like best, or the one fastest installed vs the cheapest...ask an attorney.Also, in a financial judgement, you have to collect...lien their wages or bank accounts (to the extent you are allowed to do so by THEIR Locality).

If you win, its up to YOU to collect, which is a new adventure on it's own. 

Then you can collect interest from the owner and or foreclose it to possess it yourself.

I've heard horror stories about how extensive and long it can take to rehabilitate a property, is it wiser for me to terminate the tenant's lease?

Our current process for +80 residential units we already own is electronic payment only through Buildium.Question is what's is everyone else process for collecting rent at trailer parks that have variable billings with meters?

what rental tools are you using to collect rent and manage your properties?

I am currently a Media Strategy & Planning professional with an extensive marketing background.

I am currently a Media Strategy & Planning professional with an extensive marketing background.