It has been good to be brought down to reality and realize that there will be many struggles during the process.

Many investors successfully build portfolios remotely, but thorough market research and assembling a strong local team (agent, lender, contractor, PM) are key.

I won't just write them all here but I highly recommend contacting a qualified 1031 intermediary to walk you through the process.

It’s great that you’re being thoughtful about the process!

Best Success!

Sad truth of our current legal system, but if you go through the eviction process and he loses all this stuff, you are in the clear. 

Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.

You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process. 

All funds process through various channels but the PMS (with trust accounting which is very important) keep track of all the funds and then we disburse monthly to the owner. 

Quote from @Nick Am: I own a rental property through a single member LLC (say LLC-A) and I am in process of purchasing another property under the same LLC-A.