First things first... figure out whether you are looking at a foreclosure (owners still own it and are potentially still living in it) or an REO (property has already gone through the foreclosure process and is now owned by the bank).

As soon as the land is worth $1.5 mil and you have sold your $1.5 mil of properties (and as long as it is within the 180 day reverse construction window) then you can complete the exchange completely tax deferred.It's a relatively complex process but could work beautifully for you.

Then start the process over again..Most lenders have a 50k smallest loan cap. e.g.- they won't lend less than 50k.

This is a relatively inexpensive process.

Ask them the process and lessons learned etc..

I'm in the process of closing on a Property built in 1940 in Sacramento.

The early termination addendum executed by both parties did not change these terms.Move-Out Process On 9.12.17 you were provided a Move-Out / Key Return communication.

This way your are not rushing any of the aspects of the process. 

Can anyone recommend a professional (I'm assuming a CPA vs attorney, but would like guidance) to help with this process?  

I personally process owner direct deposits twice a month, the 15th and then again around the 20th for anyone that moved in late or late rents received.