The 1031 portion of your strategy is certainly important but don't let it drive the train or muddy the waters ( sorry, I had to mix the metaphors :)  The 1031 is about tax saving which is a different animal from what you're really asking. 

@Brie Schmidt - I'm talking about the portion of the taxes that you can not deduct, since when you purchase a new property the portion at closing from the seller they deduct (using the HUD-1 statement as their tax source document), but the new owners are responsible for paying it since it's credited to them and discounted from funds due at closing.  

Anyway I found a property online and filled out the inquire portion on the website about the house and the realtor just contacted me.

Obviously if you hold the property for a long period of time you should benefit from both appreciation and amortization and be able to collect a good portion of those gains when you sell the asset.

Now working with Whitehall Realty Advisors, our markets include most of Miami and portions of the adjacent metropolitan areas.

The general is as follows:-have a builder that owns a property with a partner on a British Overseas Territory-vacation destination with soon-to-increase traffic via increase in major cruise line stops-they have additional property to offer (at least a portion of) as collateral-plan to build 13 condominium units to sell (already permitted); builder claims to be able to construct in 5 months-looking for an individual or organization interesting in financing the project as a Joint VentureNeed an appropriate staging ground (perhaps within this site?)

They fund the purchase of the house (while I own and manage it) and in return they get a portion of the rent for as long as the house is being rented out.

Did you solely split profits or did you also own a portion of the equity?

or any portion there of ?

For cleaning, in the states where I do business, I cannot charge the security deposit for my own labor or normal cleaning (or carpet cleaning) so if the place is trashed, I hire it out, pay the normal cleaning fee myself and have them show on the bill the extra charges for excessive cleaning needed, then charge the tenant's security deposit for that portion.