It might be ideal if you get a long term tenant that is a real wear and tear specialist, one that squeezes the last useful life out of all the components... then out with the old, in with the new...Best of luck!

Now, one could argue that if you removed the financing component from home purchases, the market value of properties would be markedly lower, and I wouldn't disagree with that.

If your managing your own properties that you have a clear ownership interest in .. no licesne requiredif your managing properties for your clients IE collecting rent.. negoatiating leases etc.. then yes you need a brokers license with a PM component.. and you would have to work for a broker for 2 years then sit for your principal broker exam pass that and the property manager component..does not matter resi or commercial.. reason is your handling lots of money for investors and or negotiating contracts state wants those folks to be licensed and accountable. 

If you determine the cost of each major component and divide by their expected lives and then add them all up, you’re likely going to get much more than $360 a year.

Most are short on training, and certainly experience, for the last two components.

I also handled all the paperwork including tax, insurance, etc.The condo was in fair shape, but many of its components were dated.

Hello BP Friends, Can anyone give me 2-3 recommendations of the best property management companies for Class C apartments  in dfw 50-100 units with a value add component..

The 1031 does let you use it.But there's an additional component that is also at the core of a 1031 investor's strategy - leverage. 

You want to know the current condition of all major components and appliances.  

These deals are in the Metro Charlotte area, and have value add components as well to force appreciation.