One that helps lease creations, screening (background checks, etc), and possibly even the advertising on different platforms like compass. 

What he wrote here indicates he actually doesnt have any background in financial analysis, and doesnt understand that the cash flow, or cap rates are a reflection of the risk.

If you are doing a 1031 exchange, you are exchanging one investment property for another investment property so you technically would not able to use it whenever you want because it would not be an investment property then and you may get hit with the capital gains.  

She is technically responsible for the paid agreement until November, but she is also the individual who posted the deposit... 

Your background as a licensed property manager in the greater Asheville, NC area is impressive, and your proactive approach to finding property managers looking to retire and sell their book of business is commendable. 

Yes, technically you have to have the contract, but really when do you think a commitment can be assumed?

Obviously I will do credit and background check alongside couple of W2s. thanks,namal

Heavily vet out every tenant and read the fine print of every background check/credit check

Without knowing your full background, I will give you my take, since I am choosing to go into a similar scenario.

(I can't remember exactly to be honest, but we charge about what it costs us to run the background check.)I would definitely recommend doing that.