I also handled all the paperwork including tax, insurance, etc.The condo was in fair shape, but many of its components were dated.

Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

Title companies do not recognize quit claims in Texas except for internal transfers such as a divorce situationDeeding the property back to the owner has it risks. 

It's a glass and concrete Jungle that the .1% can afford but hardly anyone else.What Brooklyn had was proximitry to Manhattan and a hip and trendy vibe along with some very famous people, including Spike Lee, Biggie, etc. here is a List: https://en.wikipedia.org/wiki/List_of_people_from_BrooklynThere is a huge spill over to Brooklyn from Manhattan and that created a huge demand and spurred development which then made Brooklyn into a destination that has become Internationally known.The writing was on the wall for anyone that was paying attention and can say to themselves....

Hello BP Friends, Can anyone give me 2-3 recommendations of the best property management companies for Class C apartments  in dfw 50-100 units with a value add component..

The 1031 does let you use it.But there's an additional component that is also at the core of a 1031 investor's strategy - leverage. 

It might be worthwhile looking into getting a home phone too if it doesn't cost much more or if it's included in the bundle especially if you think you will have a lot of international tourists (even from Canada).

You want to know the current condition of all major components and appliances.  

Additionally the HVAC in the attic has a Freon leak and the internals of the unit were replaced under warranty thankfully.

What are typical internal demolition costs for a 3000 sq ft 2 story building?