The landlord should be named on the tenant's insurance policy for additional protection and to assist with tracking compliance.

A 1031 exchange allows you to defer not only the capital gains tax but also the depreciation recapture tax, which can be at a higher rate.If you have any further questions or need assistance with your 1031 exchange, feel free to reach out!

We are here to assist. 

What property management software or tools would you recommend for tracking rent payments, leases, and maintenance requests?

They do have a property management function that maybe could assist with this?

But perhaps you would be better served helping a local experienced investor find deals and ask them to show you exactly how they analyze deals, what's good vs bad, how do they finance (debt vs equity) etc etc and understand their business model that has a proven track record by providing value to them.

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

That makes a real difference.Initially we had one originator, one part-time processor, and a part-time admin assistant. 

If you have questions, he will answer you directly (vs. moderators or coaching assistants). 

We estimate the project will take less than 3 months to complete.I’m exploring alternative short-term financing solutions and would appreciate any advice or recommendations on options that might work well for this type of project.Thank you in advance for your insights and assistance!