For background information, I'm a W-2 contract employee who makes 80k+ a year and I have been working at this job since January of this year.

For example, the areas economically influenced by NYC commuters: Westchester, Rockland, Dutchess, Putnam behave very differently than areas influenced by NY State employees from Albany, or farmers from (not sure?).

A Mynd employee never actually goes out to your property except to show or inspect it.

Ask @Dave Foster for any 1031 questions…But I’d start with these…Are you planning to pay all cash for the replacement property since it will probably be either impossible or expensive to get the loan in the LLC’s name.Why are you putting the property in an LLC?

They are paid per closing, whereas a retail loan officer IS A 9-5 employee most of the time. 

@Dave Foster can help you out.

Make sure you’re approachable and responsive to tenant concerns to foster a good landlord-tenant relationship.Legal and Compliance Issues: Familiarize yourself with local landlord-tenant laws and ensure that you’re compliant with all regulations.

The impact on w-2 happens if you're contributing to an employee sponsored 401k plan with that employer.  

Most people that are successfully flipping have a flipping business with either employees on staff or enough work lined up to keep a GC happy for 6 months to a year.Its a tough business to make money in when you are doing one project at a time from a distance. 

Oh and listen to @Dave Foster, he knows a lot and was my go-to guy for the 1031 exchange we did!