I just recently had a home that would normally rent for 1985 a month and it filled in 2 weeks to 8 members at a 6450 soooooo it can be worth it but of course this is like anything else: you have to do it correctly with the right systems and processes in place for it to run smoothly.

However, using them together is considerably more complex and requires careful planning and organization to ensure a smooth and successful 1031 Exchange transaction.There are really five (5) options to consider when trying to structure the sale of investment real estate with a seller carry back note and a 1031 Exchange together. 1.  

I wouldn't put carpet back in it; laminate wood grain will cost ~ $0.77 SF and 12' wide tile pattern vinyl sheet ~ $0.49 SF plus installation. 30x80 interior door slabs: smooth hollow primed $44; six panel hollow primed $54; either will require cutting/installing the lockset and mortising for hinges (handyman work).

Hopefully they will contact you and it will be a smooth transition for both you and the current occupants.

That being said, I would imagine that if things were going smoothly, the owner wouldn’t be as inclined to sell, so in that case, I would strongly consider either requiring the place is vacant at closing, or I would factor in eviction costs into my purchase offer.

Learning the inspection process is the single most important thing you can do to ensure your flips run smoothly.

I hope it's a smooth transition with his help.  

Congratulations and I hope the closing goes smoothly. 

It's easy to get tunnel vision when you have a new project going, its exciting, and you're so caught up in the details and making sure everything is going smoothly.

Hire a pro and ensure it goes as smooth as possible.