This would be a 1031 up-leg for me, so I cannot have my sales proceeds sitting in a qualified exchange account for longer than 180 days (45-day identification period). have you selected an intermediary yet?

Quote from @Courtney Dettlinger: Your equity is not a savings account from which you can withdraw for free.

@Naresh Yegireddi- This is above my pay grade but I was reading an article in the Wall Street Journal today about how the highest-earning 10% of Americans account for more than 50% of consumer spending. 

Even as a broker there are many sleazy Account Executives that try to win my business with terms or extra compensation.

Depending on your deal, reserves may or may not be required to be in your name - although you can use other accounts i.e. 401ks, IRAs, etc. towards that reserve requirement. 

One thing I have learned very recently is to have a good accountant. 

I track the principal as a Liability account in Xero, and whenever I add it to a report, it always shows the current balance, rather than the change over the chosen time period (like with expense accounts).  

With a bit of planning and good operations, one can easily manage 20 to 30 properties without an assistant, with less than a day or two a month.There's lots of automated ways to check on rent, make deposits (my tenants deposit directly into a bank account), receive maintenance requests, have maintenance done, etc., etc.One thing I could argue is to have your tenants ONLY email you, especially for maintenance requests, and that email goes directly to the vendor that you have set up to handle it.

You can open these accounts for free with various financial institutions. 

Stick to the terms of your lease— they’ve broken them, so hold them accountable.