I can understand that it wouldn't be as in depth as for someone who owns multiple apartment buildings but what should be the approximate standard of communication and reporting for a Landlord who only has about 1-2 rentals?

@Bryan H.I can't give you a very in depth answer here, but I'll give you as much as I have.

@Cathy Bui the type of property you describe and the strategies you mention are all fairly straight-forward, and the info on these topics is abundant and mostly free or very cheap (forums, podcasts, youtube videos, articles, books that only cost a few bucks)...unless you're signing up for some type of long-term, in-depth coaching program, it's probably not necessary to pay someone for this info...Regarding this specific property:  you say the triplex is class D+ to C-  ...is the neighborhood also D+ to C-?   

I'll make another post in the deal analysis forum for some more In depth analysis of the actual property and some feedback on how I can firm up the numbers.I feel like the other area lacking is how to firm up the Comps for rent in an apartment in that part of town.

It's a tiny neighborhood, and people are just now starting to realize what their homes will be worth in 5 years after Jemal has changed the whole little area.There was an in depth article in the Washington Post yesterday about Ivy City and all of the development going on\planned there now.

Jon,Thanks for the in-depth analysis fellow number cruncher!

Just thumbing through it - it looked very in depth on the subject.

BofA was, by far, the most egregious in terms of covering up the depth of the problem.  

I think that it is a huge bonus to have your license for reasons listed in the link referenced above (MLS access, potential extra income from sales, in depth knowledge on the entire acquisition process, etc).

And a good CPA still may not be the best resource for in depth questions specifically about 1031 exchanges.1031 is a very tiny bit of the tax code with such a specific application that only those who live in it full time are truly versed in it's ways.