If you see a reputable attorney you'll probably pay $2,500-3,000 to set it up (one time cost unless you amend later).  

My point was to thank Michael for clearly detailing out the rules.  

Here's a post I wrote prior that explains some of the basis and property tax issues in more detail.  

So if each of your smaller buildings were $400K then in order to use both and fully defer all tax you'll need to purchase a building for at least $800K to absorb both of the sales.The 1031 process is a little detailed but that is what your QI is there for. 

I am looking for a detailed list of every expense and income taken into consideration in a SFR.

Let me know if you want more detail.+ Home market value over $500,000+ Owners with high Equity+ Single Family homes+ One property per owner+ Eliminate business ownedTwo segments:Absentee Owners      Owner lives anywhere in US, 10+ Year ownershipSenior Homeowners     Age 60-85, 20+ year ownership CountyAbsentee   SeniorsBroward847   1631Collier2185   1749Lee1593   1256Miami-Dade1287   428Monroe1480   1060Palm Beach1712   4296Total9,104  10,420

Please feel free to reach out to me and we can review your goals in detail. 

For example if I came prepared with the details of the deal I just finished to at least show them I’m not a complete newbie would that be valuable or would that come off as naive because it’s not the same type of investment as a 5-20.

PM me for details.

He also had a little less detailed inspection for investors if you did not want a full inspections.