Before proceeding, ensure you have a comfortable cash reserve for unexpected property expenses and maintenance.Property Management: Decide whether you want to manage the property yourself or hire a property management company.

Side question: How can you help ensure a good, timely, mistake free lending process? 

For tax purposes, the IRS sees you and your LLC as the same entity, so transferring the title to your personal name typically wouldn’t affect the 1031 exchange deferral.However, to maintain the tax benefits associated with the 1031 exchange, it’s important to ensure that the property remains a rental and continues to be used for business purposes.

Systems, processes, efficient, organized, steady, handles all the details.Another model is:1.

Is it worth that extra 5% in efficiency?

We added some custom details to the property to make it more appealing for our tenants as well as manage the property effectively and efficiently so that our tenants always wish to stay residing in the property.

Systems, processes, efficient, organized, steady, handles all the details.Another model is:1.

And then it becomes speed and efficiency... get a few going and close them every 90 to 120 days  that's our goal ( which we hit sometimes sometimes not) But if my ground partner can be working on 4 or 5 all in the pipeline and we have a closing monthly ( which is our goal) they can make 10 to 15k  month and when we hit a good one more...

I would recommend you run it by your own attorney to ensure it fits your needs.

This approach allowed us to move quickly, securing the property and covering renovation costs efficiently.