I will talk with him about doing this with our accounts as well.

I assume I'll need bank accounts for the operating and escrow accounts. 

If we all had 20/20 foresight, we’d just buy Apple or amazon or Microsoft or google stock with 50-100% annual returns sometimes and live our normal lives while our investments exploded in value.

I wanted the ability to quickly change variables and to see worst case scenario #s, as well as to account for all expenses involved in a remodel (by line item). 

To perform a 1031 exchange would cost your 700 - 1000,  For your accountant to fill out the form 8824 reporting the 1031 would be another $125 - $500. 

Another option is to turn their account over to collections, which does not require going to court first.

Most of them seem to want to use a debit card rather than their routing and account number for automatic withdrawal. 

Assuming you get a P&L share it with your accountant.

A 1031 is very easy to understand and most can be found online for free or through a phone call to your accountant or a friend who's an accountant. 

After you form it at the state agency you’ll need to get an EIN number from the IRS (you can do this online at IRS.gov) to be able to open and bank account.