Not knowing if this situation will require litigation, I’ve intentionally withheld the specific area this property is located in.

If I had bought this property with the original intent of it being a rental or had a to reno it I would definitely do things differently. 

The intent of offering title insurance is to offer clear title.

We made this decision intentionally as it allowed us to reach an ARV of $160,000, which is where listed the property.

This was done intentionally as it allowed us to reach an ARV of $160k.

Is there insurance to cover intentional damage by tenants?

@Dan Constantine I am not sure that your question really relates to your intention to build a portfolio, as you seem to want.

My wife and I are trying to move out into our forever home so we can rent this current living space out.My question is this: should we find our house first and get it under contract with intent to close, and then try to process finding out a renter?

The information has kind of dribbled in but I see nothing in your latter posts to indicate any unfavorable tax situation other than that ridiculous claim by your accountant that 1031 wasn’t available.You owned it for multiple years and demonstrated your intent to hold.Your accountant evidently treated it the same and gave you the depreciation benefit.It sure sounds to me that you’re going to only pay capital gains rate and have to recapture the depreciation. 

If you're asking if I understand the legislative intent of tax law, yes, I understand some of the legislative intent of some tax law.