So after I started getting legitimate leads and closing deals I looked to find out what things the leads/deals I was getting had in common.  

Attorney's Secrets to Tax Lien Certificate Investing and Tax Lien Sales Auctions (theinformedinvestor.com)Does anybody know if this is a good course?

What do your property managers provide to you for your taxes if anything or you you keep your own spread sheet?

We are a double income earning family and bring in just under 10,000 a month after taxes.

Can someone help me understand the tax implications if I sell the property before completing the 5 years and after 5 years. 

Be sure to diligently evaluate potential properties through inspections, condition assessments, financial reviews, and property tax assessments.

Need to know county, city property tax breakdown, dimensions of a few rooms, parcel ID #, etc.... but again, this is information that a listing agent will frequently leave up to the seller anyway.  

Since we would be using the money in the same manner could we use a 1031 exchange to defer the gain income tax ?

You would then hold the loan on a 90-95% LTV product at 5% (Which is taxed at ordinary income).

If you own commercial real estate property, you are probably well aware of how much property taxes can eat into your profits.