We also do a good amount of state and federal work.

HI Account ClosedOttawa's economy is anchored by the federal government and high tech.

It's their money and they are not federally regulated. 

Or would the federal govt only take out the income tax?

The normal lender using federal financing guidelines and sells the loan on the open market cannot underwrite these loans. 

Any tips on how to do this as far as  federal tax returns, what I can deduct, what I have to claim as income?

@Jamal Hamed, here's a blog we wrote for BP on cost for a 1031 - https://www.biggerpockets.com/blog/how-much-does-a-1031-exchange-cost.Since 1031 is a federal statute it is performed the same in all 50 states. 

Looked on the county assessor site at it shows that federal national mortgage association owns it also says attn ditech financial.

Most recently I got my buyers $4500 credit for about $3500 in repairs needed (hidden termite damage, filthy AC ducts and Coil, and we threw in the Federal Pacific panel we already noticed since most Realtors wouldn't notice that).  

If you have equity in your current property instead of refi call pentagon federal and apply for a non owner occupied heloc.