It's possible it might not be a big deal if you'll keep doing 1031 exchanges but I always want to mention it as the "what-if" scenario if you get what I mean.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Also, the house is being fully redone top to bottom with good rental and good flip materials for the B community that its in so repairs should be less common than most.The market here is very hot still and this likely would sell quickly.

IM located in PHX,az and would like to know the name of this deal scenario where buyer agrees to pay off completly sellers loan balance, for example , lets say seller owes $50k on a $350k home buyer agrees to pay seller that $50k and is the new owner of said home.

Outside of real estate, I enjoy spending time with my wife and kids, as well as playing golf, collecting comics and sports cards, and binging the next show on Netflix.I am very excited to meet people with common interests, network, learn, and help where I can.

One objection that is common now a days is the first mortgage rate being low and the home owner not wanting to lose that low first mortgage rate.The other objection is they want to use the Heloc like a credit card only making a payment on the portion that they use rather than the full amount.

Or was the property purchased as tenants in common between you and the LLC?

Common questions I have been asked or had investors ask PMs while touring properties with them:What do you see is the biggest hurdle to your operations today?

@Andrew Jessup It's extremely common for the family trust to initially own the real property and then to transfer ownership into an LLC for additional liability protection, with the LLC owned by the family trust. 

We both lost out to someone that was willing to give the Seller almost the price they were asking because they were doing a 1031 exchange were they had a substantial amount of cash and they liked the property location.This similar scenario has played out for me several times over the last few years because the market was so hot.