The property appears to be in good condition, but it was built in 1922.

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I am going to assume if I do make this transfer, the property will appear in both my Sch E and LP tax forms in the year this is performed.

I thought this would appear in the post, but I bought in June of '04 and sold in July of '06.

Consider small claims court if the lease says it is due and it wasn't collected.  

Their property management division appears to be second to none, for me that's worth paying for.Again, I'm quite new at the concept and still looking.

Appreciation will be low, and it would be harder to sell when / if the time comes (again, people point to that often times cheap houses sits on markets for months at a time, versus in seattle it sells like hot cakes)Upside of local investment is that it appears “safer” - I know the market, I can drive to it to make sure no one “Morris”ed me, and when the time comes to sell / 1031 - hey, it’s easy, and it most likely will come with good appreciation (I know, appreciation is not guaranteed; it’s icing on the cake).What would you guys do?

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It does appear I can have an unrelated party make the purchase however, and then purchase it from them later using the 1031 funds. 

Just like when we buy at court house steps we bid up in 100 or 500 dollar increments until your the last bid.. your not leaving 10k on the table.. unless of course your impatient and just bid up in increments that are too large.