My guess is that you're rehabbing a small multi-unit property which will be rented.If my guess is correct - you do not need to pay yourself salary.

Honestly, if you need to ask these questions, rather than investing in the top of a market you'll probably be better off waiting for the coming correction.

Has anyone had a success using the online auction system, and do you pay to do a title search for every bid, or do you do your own due diligence free free sources?

Mow Im thinking I didn't analyze the numbers correctly.

You will find most Sellers numbers are not quite correct.  

So if I look at the money I'll have to earn, over the amount I'll have to pay ($1,800.72/$3,346.07) I'm basically getting a 53% return by using that saved money to kill the MIP, correct?   

Do I have that correct?

Price the property you are going to sell for the exchange correctly for your market and you have a great shot of completing the transaction without issue.As for your original question, yes we are planning or doing 1031 exchanges forever.

Account Closed is correct, if you are planning to sell the property there is a lot of benefit in marketing as a new build. 

Plus a home inspector WILL find more issues with your house, even if you get what you mentioned above corrected.