Qualified Intermediaries should focus on doing one thing and doing it well - successfully administering the clients' 1031 Exchange. 

Honestly, I’m not a fan of HOAs—they’re like little dictatorships, and I’ve got some wild stories to prove it!

And if you’re listing the house online, try platforms like LoopNet or local Facebook groups for real estate or community housing.Just make sure to do your homework and ask for references, check their track record, and make sure they’re following any local zoning or licensing rules.

As far as capital, most investment loans would require you to do 20-25% on a SFH.

Depending on your current living situation, you could do both. 

Pretty sure it works in reverse also - set up a Michigan LLC for the property above and you'll have to register it in your state of residency. 

How is it going? 

It's the perfect rental for my friend. 

Without substantial renovation or repair / forced equity, I doubt that since almost 12 months ago you have enough to do a DSCR cash out refi.

(Do they know how to use it)?