Last year, the State Legislature amended the Property Condition Disclosure Act, removing the option to give a $500 credit to buyers and adding seven questions related to a home’s flood history and insurance requirements.Here is the link to the story. 

The lender would have had an appraiser issue a opinion of market rate rent for the apartment on your duplex so that's a start on what the rent should be.

Your duty to disclose is a local issue.

There are two issues I want to point out at the jump:1) 1031 exchanges are designed for long-term investors. 

What else would they have issues with if they were moving in.Will they become nightmare demanding tenants?

Moving to QuickBooks Online might be in your best interest if you are looking to streamline a system of getting your bookkeeper expenses and related data.

What was your issue?

I always add the following in attorney review just in case people think it is a waiver: "Any references to "as-is" or "informational purposes" in the Contract or any riders shall neither void nor limit any rights relating to inspection contingencies, including Paragraph 16 of the Contract, and final walk-through."

My layman's thinking is you have not been served as a creditor, and have not been legally barred from reaching out to the tenant, so you can probably simply mail their statement to them and it won't be an issue.

And we like the idea that maintenance shouldn’t be too much of an issue for the first couple of years.