And I like the reporting (how far in advance are people booking, etc.).  

You'll have a small empire by the time you are 30.However, being a landlord involves a lot more than just collecting checks.

This comes from a 2017 City document, but it seems to be current.http://www2.oaklandnet.com/oakca1/groups/ceda/documents/report/oak050966.pdfA real pity, with the severe lack of housing in Oakland. 

Hopefully your accountant did not file an 8824 reporting the 1031 exchange. 

I work on projects across multiple states and have a strong network of contractors.Regarding when to involve a contractor, if it’s someone you haven’t worked with before, I’d suggest waiting until after the inspection.

Jim's bleating about government being involved.

Start by being actively involved with your PROPERTY MANAGEMENT duties.  

To find out the amount of the subordinate lien through the NSP program, you’ll want to pull the title report for the property.

And taxes on the pre-paid rent could be a nightmare assuming there is no creative accounting way to report the rent. 

The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication.