Trust yourself and "go for it!"

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.

There are places that are tenant friendly and then there is California which is at another level completely.Have you thought about buying elsewhere? 

The answer to this will come down to comfort level, funds available, and strategy you are looking to implement. 

Park Hill Golf Course was owned by a trust, in the wayyy distant past it was previously a dairy farm, but it has been operated as a golf course since the 1930's!

But at the local commercial level, you’ll have a more in depth underwriting review process  

.- Understand the role of trust. 

I hate to say this, but if you want to get a job with Yardi as the main software, you will need to start at the entry-level accounting.

Never trust their valuation of the property.

As others have mentioned, DSCR loans are generally for turnkey rentals (although outdated rentals may still qualify depending on the level of deferred maintenance).