First, with proper planning you are able to limit how much of the debt is deemed to be related to the distribution. 

There are plenty of rules and regs for the 1031, but no limit on how many of these tax-free exchanges you can do during your lifetime, so this process of having tenants pay off a property, exchanging into something else with a 1031 and expanding your portfolio can go on until he has the income he wants.

I am limited to propane, oil, or electricity.  4.  

They might send notification if the the policy is being modified (ie. change in dates, limits, etc.).  

My question is about renting.When you advertise a unit for rent, do you charge an application fee & have them perform a background/credit check prior to seeing the unit?

What would be normally these costs and percentage (if applicable) for SF Bay Area?

Highly recommend www.11capitalfinance.com.  3 minute application with multiple offers in under 24hrs hours.  

I'd pay off that 10k one as you get to your 4 limit to free up a larger loan. 

There are 2 that we have that limited the section 8 program and need board approval before they are placed. 

The limit on one STR permit "per building or property" might be designed to prevent people from buying a 4-plex, for example, and using all the units at STRs.