This is the most basic level of protection and it is not very effective, but it is still better than nothing.

I went back and read my initial response expecting it to be a lot worse and it was basically nothing, just my usual trashing of wholesaling.I know being a moderator is absolutely thankless, but this was likely because she used some buzzwords that were completely fabricated to make her look bullied when everything she was saying was about 10x worse than my responses in my opinion.

BP does offer some basic info on markets, but I wouldn't solely use it to pick where to invest. 

However dependent upon taxable income you could get away with a pretty low tax bill due to favorable capital gains tax rates.Be sure to work with a qualified intermediary and a tax professional to ensure you comply with all 1031 exchange regulations and to be sure you keep basis correct as all a 1031 does is defer your gain.Happy to help run some numbers or do some basic analysis for you if you would like. 

Been educating myself for a while now and understand the basics of the process.

He sent over a contract...basically the terms are they take 50% and they do all the work?

There is still a lot I have to learn, so my question is going to be as basic as it gets. 

I understand there is also property management software that combines ACH payment capabilities with feature with basic book keeping features, perhaps work orders/repair requests, document(lease) archives, leasing/listing features? 

So, if you claimed $80k in depreciation over the years (even if a chunk was in year one due to bonus depreciation), you’d owe recapture taxes on that.Let’s run a basic example:$80k depreciation recapture @ 25% = $20k in taxes.3.

I say focus on one or the other and they're both basically the same business with the same customers.