Im thinking of the changes required to update clauses where the PM is specifically noted in the lease, change of payment info and a few other clauses to clarify.I don't have their application or credit reports, will a PM usually hand these over?

Could anyone give some updated reviews on houseflippingspreadsheet.com?

From that point on that has been my quick and dirty way of evaluating.As an example, last Oct I purchased 2 4plexes that generated 5k a month in rent and purchased for $290k and put about $10k in updates into it. 

There was 2004 remodel that updated mechanical, electrical and sprinkler systems.

@Jacob Sampson it's 180 days for the entire exchange period.If you want to continue investing the tax deferral of a 1031 is a powerful tool.I appreciate you updating my knowledge.  

I find a property and give lender a list of the repairs/updates and he gives it to appraiser. 

Please keep us updated on the next Realtor meltdown.

2) If a property needs to be updated (ex: new floor, paint, fence), how should I go about incorporating language into a deal that allows me to make the updates I need while providing me with the proper protection financially and operationally?

HUD guidance for documentation requirements of need for 'emotional support animals' were just updated in January.

Here are the options we're considering.1) Use a HELOC to update our current primary residence (SFR), sell it, and use profits for next property.2) Move into a new property (probably MFR), using primary residence as a rental in current condition.