More than likely it will absolutely hurt you down the road - even though it won’t effect credit score it will still show up on your report.

Develop the vision to identify what you truly want.

The unit has a detached garage/workshop that I could turn into another unit down the road.-1 unit occupied (seller knows the tenant), 1 unit vacant- Seller and Tenant are family, no leases-Tenant has a pet and is month to month-Agent said they didn't have disclosures yet, I put in a offer same day and it was accepted then he gave disclosure same day.

My shirt term goal is to have 5 rental houses mortgage free before I get too far down the road.

So from a calendar point of view you have 45 days from that date to identify your potential replacements and 180 from that date to close. 

Run the numbers, make sure that it meets your financial goal.On the road to retirement, think of how much you want to make in retirement.

Proc. 2018-58 allows participants in a section 1031 like-kind exchange to extend the deadlines for identifying replacement property and completing transactions “by 120 days or to the last day of the general disaster extension period authorized by an IRS News Release or other guidance announcing tax relief for victims of the specific federally declared disaster, whichever is later.”Taxpayers have pointed out that applying the “whichever is later” language means that some section 1031 deadlines could get extended beyond the July 15 due date set in Notice 2020-23, and are wondering if that’s what the IRS intended.

While I believe Chicago has a bright long term future, it's going to be a rocky road getting there.

I have been down the road of SFR and Multifamily and it's not passive yield.Not all retail is doing bad.

So the PM failed to identify the tenant's responsibility while reaching out for the quick and easy remedy by passing the bill to us with minimal effort!