I would want the tenants actual names on the lease, since if you have to evict them you will need to provide a lease with their name, and not some llc.If you have an llc rent it do they have the right to swap out tenants?

Many of our clients strive for the "swap til you drop" tax planning strategy. 

If you do go that route make sure you have a lawyer read over what you sign and the terms of the swap to conventional.Good luck.

How do you swap the two positions?

Might swap skills so to speak with a mortgage originator.

She now has great tenants & vacancies are a clean swap.

I would probably swap them and not charge. the paint has to be done, so I would paint those walls and charge for it. 

In Joe Fairless's interview with a 1031 exchange expert here it seems like you can 1031 out of an LLC that holds a property.He suggests that it is possible to do a 'drop and swap' where the LLC becomes a TIC with all of the LLC limited partners..Thus allowing each individual partner to either 1031 or cash-out.Is this not true?

Tenants can go good and then go bad, property managers can be swapped over the years, but if it's a solid investment, it's a solid investment.

This is the trailer where I had to fire my "contractor" 2 weeks in for some MAJOR screw ups so all the flooring, painting, fixture swaps, and drywall I did myself