Depending on how far these tenants are lagging market rates for their similar size and condition of unit, you can be a touch more aggressive, but likely want to keep your rates $50+ below competition, so even if they are pissed they will start shopping around and realize they will still have to pay more and incur moving costs, if they choose to leave.

If you choose to work with an attorney for your 1031 whose experience is limited to a few 1031s a year (even though they may have a vast real estate background) you'll likely not get the economies of scale and a competitive price for your 1031. 

Low price grabs attention, great property retains interest, and creates a good selection of tenants to choose from.

It seems like the IRS is simply giving me as the organizer, or managing member the ability to choose one or the other scenarios, with either a clause in the operating agreement, or written on the Articles of incorporation/formation, or simply by a Members Resolution.

A lot of my out-of-state clients are choosing to invest in Columbus OH because there is a lot of opportunities for flips, BRRRRs, and buy and holds.

They provided comprehensive reviews and helped me choose a system that fit my needs perfectly.

If you choose to NOT self manage and use a PM in this area, it is definitely difficult to cash flow. 

Some head aches are worse than others and you have to pick and choose those carefully.

I recently heard from a colleague that you can choose the Appraisal Management Company (AMC) used to obtain a mortgage from a bank.

If you do it right, the returns are better and you have control, meaning you can refi, sell or hold in the time frame you choose.