They are reaching out for replacement checks to be sent via overnight courier, and they are dealing with liens as of the date the package was received.

Thanks in advance  In my market you're only required to replace what is exposed.

Hey Will,As a PM in the area:-have a lawyer look over your lease-make sure EVERYTHING is in your lease (who replaces air filters, who replaces smoke detectors batteries, who cuts grass)-be thorough with background inspections-make sure tenant is aware (and is in lease) on when fines occur for late rent and how much they areThose are things that first come to mind.In can be expensive and time consuming to set it all up the first time and do it in a way that protects yourself and your investment.Let me know if I can help in any way!

Under contract in a 1031 exchange for two replacement properties, and also have another property on a hard money loan.

I am a civil engineer, but I am currently doing my masters and working on my side business that brings in 6 figures a year.

When I found other doctors, laywers, engineers, a few years ahead of me... that is when my investing took off.

You can only 1031 exchange long term rental "Investment Properties" and property that is used for business "Owner Occupied".However, since this is hypothetical, if the IRS allowed you to 1031 flip properties, then you would pay taxes at your capital gains rate (once you sold the last property and didn't replace it) on all the gain from all the properties and 25% on any depreciation taken during the the hold periods.

Looking for a contractor that can replace bathroom subfloor ASAP.

For example, after refinancing you find a lender with better rate, does this happen and do people replace the original mortgage with a newer one?

Maybe they are just trying to get everything replaced by complaining so that they never have to pay anything out of pocket.