Part of what triggered my attention was a nearby duplex selling in the 600s and I was floored (granted, it's the SoCo area, but still). 

Here's the position according to First American Exchange Company: "Although it is possible to refinance before or after an exchange without triggering tax, investors should carefully consider their options before doing this, because the IRS could take the position that the refinancing is taxable when it is done to avoid tax rather than for a separate business purpose.

I am now ready to pull the trigger on my first rental property!

My GC said we're about 3 weeks out from completion which triggered me to contact the bank I've already lined up and start the cash out refi application process.

The clause triggered, and we won the property.

@Michael Macaluso Congrats on pulling the trigger.

The only reason we are choosing to stay near Fort Sam Houston is working on that specific base and avoiding a massage commute of over 20+ minutes.

They are not disputing anything yet as I'm waiting for them to leave just in case my discussion would potentially trigger more damage. 

Whoa it just starts spraying paint with no trigger involved.

Anything less than the full payment should trigger the clauses in your lease.