Feel free to reach out if you have any specific questions, as an investor or a lender happy to share any advice I can!

As long as we would be legally allowed to proceed with this plan, then the question remains, as you point out, what is the tax burden for the partial 1031 exchange.

Also would you focus on a specific target market you are familiar with and know the comps like the back of your hand and have boots on the ground ?

That said, there are alternative ways to meet the requirements, and with proper planning, you might not need to rely on these specific tests if most or all of the participation comes from you during the first year.

Just a worthless piece of paper that validates a promise (legal obligation). 

Does anyone have personal experience with specific scrutiny of a logbook during an audit?

Hiring a PM can save you time and headaches by handling tenants, maintenance, and legal stuff.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I recommend considering your cash flow and debt-to-income ratio before making a decision, and consulting with a financial advisor to tailor the choice to your specific needs.Good luck!

We also love podcasts so if any specific episode of the BP shows come to mind let me know!