He was puzzled by an issue with dropping water pressure at the bathroom sink when the toilet flushed.

Could be that the last time it was repaired, there may have been multiple leaks and the technicians did not pressure test adequately or at all and frivolously charged the system.

I've heard of pressure loss issues and false shutdowns, if it would even work at all. 

I would also encourage you to check out any of the REIA groups in the area including our local Fresno Deal Seekers meetup - we get together once a week to network and talk about real estate, partner up, share deals, and analyse properties - its a great place to meet other investors, make great contacts and ask questions in comfortable no pressure environment. 

Especially if you're looking at a commercial property a lot of due diligence is needed and the pressure of the 45 and 180 day limitations of straight exchange can make such a process daunting.2.

Last week the gas company lad a leak on my street due to a valve failure and system over pressure.

And don't get pressured into using a Buyer's Agreement with a Realtor.

That way you aren't feeling pressured to make bad loans due to interest accruing while in between deals.The ARM part isn't a big risk.

If @Chris K. hadn't basically been peer pressured into calling out a service tech by members of this board, this lady and her kids could be sitting in a house with space heaters and a furnace leaking CO.

Hi T Jay,Having done my share of 1031 exchanges, hopefully this will help.First, check to see how much, if any, of your 40 acre property qualifies for the $500k married couples tax exemption if it is your principal residence.A 1031 exchange is meant for exchanging investment property not primary residences.Locate the areas & then identify the properties you want & tie up as many as you can BEFORE you sell your property to reduce the stress of the time pressures of 1031 deadlines.Get a good education on management & smart property acquisition.