A few things:1) In Tennessee, A judicial state, it is unlikely a judge is going to award you the lease balance as relief for the the tenant breaking the lease.

@Eric S.I haven't looked into this kind of thing in detail recently, so be sure to fact check it...But my recollection is that debt relief in a 1031 exchange is considered "boot" and subject to taxation.

@Michael Tempel by syncing I am not referring reconciliation which AF does for a fee for each account.  

There is relief!

Jon Holdman is correct, except you will still qualify for the tax relief, even if you have a new home, as long as the loans were to Buy the first home(not cash out) and you haven't rented it since you moved out.

But consider the potential gains: relief, time and comfort.?!?!!!

Others prefer that I do all of the data entry, monthly bank reconciliations, and go over the financial statements with them. 

No affiliation with Loan Depot, just huge relief to find a lender who would do this. 

If it is removed, the drain must be sealed to prevent rodents and/or sewer gases from escaping into the unit.The bathroom must have an open able window or an exhaust fan for ventilation.The hot water tank's pressure relief valve must have a discharge line extending down to six" from the floor.The flue pipe leading from the furnace and hot water tank must be sealed where they enter the chimney.

To be conservative in our analysis, we will use the acquisition price as the assessed value in the case where the present assessment is obviously low (due to repositioning).In some locations there may be limits w/r to how far the assessment can be increased in a single year, which may give a little short-term relief, but I would still perform your analysis with the assumption that assessment will catch purchase price / value of the property.Unfortunately, when things are reversed - the tax assessed value is {significantly} greater than the purchase price, the local assessor is not as anxious to lower the assessed value.