The items need to be repaired/replaced to bring this to a C4 or better condition before we can close on it.

Not all states' tax code recognize that a 1031 exchange exists, so in those states you will pay tax on the gains to the state tax collector.Best to calculate your expected tax obligations both ways to see how much you actually benefit; don't forget to add in fees paid to the QI for the scenario where you assume doing the exchange.The other thing to consider is how long will it take you to find suitable replacement(s).

You don't want to look at a rehab project like this:Bought it for 30, fixed the kitchen which adds 10 in value, put in granite counter-tops which ads another 5, replaced the flooring which cost me 10, fixed the roof which cost me 10, replaced the windows which cost 5 but adds 10 in value, so the ARV will be the sum of all of this.

Sometimes the improvements we are making to the building are not a tangible item the resident sees, such as new shingles, replacing the boiler/water heater, or fixing sewer lines.

Minimum would be replacement of 1 or more major components in the first year but it might be more based on your inspection of the property.

Possibly a very high replacement cost as well?

Unit turn costs typically include the unit interior cleaning, painting and carpet cleaning/replacement.

You winterize the spigot by having a handyman go over and replace the spigot with a freeze-proof one.

That is until kids come along, or the car dies, or the roof needs to be replaced, etc... ;)Slow and steady wins the race, so don't give up!

I was reading a new law, I can't remember if it's a state law or in our local community, whereby if a fence is damaged or needs replaced, both property owners are liable for the replacement costs if one replaces it.