All PMs should be using independent 3rd party vendors, or owner preferred vendors or owner home warranty companies. 

Can’t have another valid appraisal until it expires at that time. 

Those are very valid points!

I suspect the real issue here is that Flagstar doesn't want to be responsible for determining who on a given business account is authorized to make payments, and who isn't.That last line of the notice validates the simple workaround that Allan Smith proposed.

But it seems like the Texas offer sheet has limited items to play with (title, survey and home warranty). 

He has very valid points all around.

You rarely see 1033s, but usually its govt taking your property thru condemnation and giving you $X dollars.If it is a legal/valid 1033, to get a total tax deferral, you basically only need to buy a place within 2 years at >$X that qualifies as suitable investment real estate.As far as your basis and depreciation recapture when you do end the deferral, shouldn't make a difference.However, FIND A 1031 QI IN YOUR TOWN AND ASK BEFORE YOU DO ANYTHING IN RELIANCE.

You may have a very valid reason in which advice will be different.   

And I always use a Delta faucet because of the life time warranty, ease of warranty replacements and availability of parts.

Bought at $157k Repairs: total $40k (It will have new HAVC, new water heater, with foundation repair, new French drain, gutter with leaf shield, paint the whole house, remove popcorn ceiling, new doors) ARV: $235K-240k, 3-2,1610 sqftRent at $1650-1700 Repairs-  foundation ($10k for lifetime warranty or $5500 for 10 yrs warranty interior and exterior piers); painting and removing popcorn $5500, French Drain and gutter; flooring