This will also require a designation of a "statutory agent", someone who is a resident of AZ.My questions, for nowa) Are there any other initial registrations/licenses that are needed?

While it's not a requirement that the property produces positive cash flows at move in since we're primarily looking to build equity and reduce total expenses, when we do decide to move out from the duplex positive cash flows would be a requirement.

Hi All,Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30, 2024, and she has already moved out as of June 22, 2024 after paying the rent for the month of June, and the new tenant will move in on July 1st, 2024. 

Managing the $19,500 renovation budget required careful oversight to ensure timely completion.

Option B allows you to save an extra $12,000 s month (minus maintenance costs) and build equity.

We are local to Waco and specialize in small to medium sized remodels and maintenance on rental properties. 

Managing the $19,500 renovation budget required careful oversight to ensure timely completion.

There is no unit requirements in a 1031 exchange.

Is that all that's required to from legal perspective?

Managing the $30,000 renovation budget required careful oversight to ensure timely completion.