So, When one person, the GURU, has a lot of people sending him leads, most don't work out of course, but some do and they are blasted all over the internet.

A good accountant can determine how to account for the 70k received in the best tax advantaged way that makes sense for the transaction.

Plus the challenge with mid term is you are generally on the hook for things like internet, utilities, etc.

When doing a fix and flip loan, the appraisal will determine the current as is value as well as the ARV. 

You need a copy of the contract with the management company to determine how to terminate it. 

Obviously every situation is unique it's on you to check with your intermediary and lender to determine what price range would be realistic to start looking for deals in before it closes so you are ready to roll. 

Deviations from the Private Letter Rulings will significantly increase your risk of structuring this type of advanced 1031 exchange.You should discuss this more advanced 1031 Exchange structure in greater detail with your legal, tax and financial advisors to determine your comfort level with this complicated 1031 Exchange structure and the inherent risks involved.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

That will largely help to determine the right fit in the landlord market for someone with a portfolio. 

I was determined to restore that.