With demand outpacing supply, we expect rents to continue rising.In terms of the sales market, we saw a similar slight slowdown in days on market compared to the hot Q2 but prices are held steady.

Is tenant churn and NOI improvement something property managers are held accountable for, or is that more of a company-level concern?

Although this was the first time the IRS formally focused on this issue, it is now clear that the IRS will disallow basis adjustment on assets held in an IDGT.IRC § 1014Internal Revenue Code § 1014 has been a long-standing tenant of the US tax code, dating back to the early 1930’s where it was formally classified under Section 811, Title 26 of the Internal Revenue Code.

Is there any minimum period of time the first replacement property  needs to be held before using in a 1031.   

What's even worse, when you sell the property you would still have to recapture any depreciation on the property, for the time it was held for investment.

Obviously we haven't held for even a full year, but an exchange intermediary told me there is no bright line test for holding.     

Currently, I find myself in a situation where a significant sum of my cash is held up due to complications between these entities.

I explained to the seller that my offer contained a substitution of collateral clauses and I would be exchanging the note they held on the subject home with a note of similar principal and interest secured by a different property of greater appraised value.

Attending these events are REALLY important (I can find my first mentor, network, collect business cards, etc), but I'm held back by my situation. - What is the optimal way to fund my first deal?

Prospective Tenant understands and agrees that no possession of the property will be granted until all move-in requirements have been completed.Binder funds will be held in a trust account by the Landlord.