I also can see on apps early on if have a dangerous breed and can put those apps in back of the pile rather then it being a surprise later on. 

.- The syndication sells later for $5M, and my share grows to $200K.- I want to 1031 exchange again.Question:Does my next deal have to be larger than $5M (the overall deal size) or just larger than my share of the equity in that deal - meaning, if 200k was 20% ownership then it has to be more than $1M (20% of sales price)?

They called back about two hours later.  

Nobody watches your money like you do, you'll learn how to manage, so you can manage a manager later and you'll save precious early-years cash flow, which allows you to scale faster, especially in the first 5 years.

It gives you insight into what managing rentals actually entails, and you’ll have a better understanding of what you need from a property manager later on.

Start by using a land trust and transfer the deed to your LLC later, once you’ve acquired a few more properties.If you’re willing to move and remodel, consider getting a 30-year loan on your next property.

Collecting rents is an art and a science.What you should depends on where they are with their late rents.

I was considering reading J Scott’s “The Book On Estimating Rehab Costs” but wasn’t sure if the information remains relevant 6 years later given how pricing has changed since then. 

I will follow the advice here to keep high deductibles and low premium and save the premium for any contingencies later.

I'd guess half of this final third eventually sold, even if several years later.