I think going through the whole process for the first time with someone on the "other side" of the deal that I won't be afraid of looking stupid in front of, or being afraid to ask questions, will be incredibly valuable. 

IDK the timeline in NC, but its almost certainly more than 17 days after a missed payment before you can even start the foreclosure process.

I would use the money to Joint Venture with someone and actually learn how to do the whole process and own some real estate.

Now I’m in the process of finding architects engineers and will let them mesh it all together.

Joe Splitrock so how would the whole process work?

I know it's only been a few months and I will for sure hit some bumps in the road, but I am very satisfied with how the whole process has been.

And as your "insurance" file for eviction anyway so that when/if they don't move out on the agreed upon date, you at least have started the process instead of wasting a week or however long you gave them on the cash for keys deal.

Thanks I’ll be the guy asking dumb questions while I’m going through this process

In the process of selling a commercial property here in Austin and looking for replacement property. 

I have also heard 1031 exchanges are not the easiest processes to go through.