Inspections are typically done by licensed professionals like structural engineers, architects, or certified building inspectors.

The 1031 is only into like-kind investment real estate and typically is only 1-3 properties and therefore only 1- 3 markets.

From what I've seen, typically two people doing a flip like this have different skillset so one person is doing different things than the other.

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

If you see utilities increasing, is there a way that you can push this on to the tenant?

@Amanda Bradley Tenant sounds like typical Class C with a credit score under 620.How hard was it to find this tenant?

Just saying there are people on BP who can vouge for you as Melanie is typically very negative towards anyone in the syndication / raising money space. 

Keep in mind that while there is an exemption to the Fair Housing Act.....most states that have a state level Fair housing law do not typically provide the same exemptions as the national law.

Do you typically have a separate bank account for each property or do you have one main operating bank account? 

However, I am still very hands-on for my management business, typically logging 80 hours a week between my two jobs.