Much like a conventional brokerage, they hold funds and execute at your direction the transactions you choose. 

If I'm able to execute a 1031, I know that the property purchased must be equal or higher value to what is sold. 

More due diligence and numbers crunching are needed to execute a deal.

short-term and vacation destinations are in general is most profitable but is most vulnerable at times like now.many places have 30 day minimum restrictions and that trend will continueSo yes corporate rentals are by far the best combo but you may need to do your own marketing/networking to get corporate clients.since i do this as a side gig, I needed to be more passive so I let Airbnb and VRBO do all the marketing for me.  

If you're short on time then yes you can find value in training BUT you need the money to execute.

See Treas Reg §1.163-8T(e)(1) below, and take into consideration the ordering rules for payback of debt.For number 6 and number 7, I'd want to know what happens to the $100k cash (number 6) and the $20k cash (number 7) that taxpayer gets from the bank upon execution of the loan. 

I have read the very helpful BP posts from @MikeHartzog @DionDePaoli and @DaveVanHorn and others to get familiar with the process, but now that I'm executing a transaction I find that I need clarity/guidance about a couple of the next steps .

I am also moving out of state, so managing the high turnover would be a challenge.I am considering making it an "executive" or corporate rental, preferably long-term.

Box; rent can only be paid by deposit.For your convenience, the nearest location to your home is 123 Main Street, City, or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at <Google voicemail>, or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.

I have taken a much more hands-on approach to my real estate(not necessarily better, just a different strategy) and have taken on a lot of projects with my own hands for sweat equity to execute value add.