Subject A's total net worth is roughly 6 million dollars. 

My total all in was under $60k. 

I'm totally with you on using real estate to give yourself the freedom to travel :) We love Birmingham as a market - we analyze thousands of on-market properties every day for investors around the country (also in the pursuit of giving time back!)

It's totally normal for it to take some time, often about a month or so.

This past year they have started paying rent late to the point where the total accumulated time is about 3 months of back rent due.

In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one. 

The total commission is usually negotiated as part of the short sale approval process and deducted from the proceeds.

(No mortgage on any).the cash flow is a total of $3,100 a monthDo portfolio loans exist for these kind of situations?

Additionally, it can help maximize renovations and improvements.36.4% of the total depreciable basis was classified as 5-year class life.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.