On the other hand, I'm not convinced pictures would always capture the details needed to serve this purpose.Curious to hear the thoughts of the expert hosts and property managers here.

A NNN lease is completely different and I would agree, much more hands off  

They had equity in a rental and wanted to try their hand at flipping.

Where we see most people struggle is they are successful in having up to a handful of properties which can be managed, but when they try and scale they realize:1.

Judges seem to have a lot of time on their hands there.

Since your a hands on person and have contractor contacts.  

Closing costs, including recording fees, transfer taxes and HOA transfer fees, if any5. 

@Jake AndronicoI’ve looked into them but have never executed one.Let me say they will be expensive and complicated.I think what you will find if one is trying to defer $50,000 to $100,000 in gain, it’s not going to be worth the time and trouble.On the other hand, if client is trying to defer gain of $500,000 to $1,000,000, it’s worth the time and trouble.I use First American Exchange for my own account a dozen times and they have been right on the money.Google them and reach out.Arn

You may need to seek legal counsel on this.2) Get all the info about your rental property as possible: leases, rent ledgers, tenant contact info, etc.3) Start looking for a new PMC4) Execute your termination notice5) Once transfer is complete, circle back to decide if worth suing them.

I plugged them into Invelo to find the owner information and have begun sending hand-written letters.