Instead of handling the concern professionally, John stated I expected results over night and that he did not want to work with me so he was refunding my money.

I know this might seem redundant, since it's all your money anyway, but it gives you a clearer picture of the LLC's actual profit and reduces your personal tax burden (disclaimer...not a CPA!).

Who would handle the eviction if the owner is absentee out of state.

If it were mine, I would be real tempted to just reduce the basis for your new home by the gain amount.

-Qualified Intermediary that could handle the 1031 exchange in Spokane -Spokane CPA -A great Insurance company for rental properties Thank you so much!!!

Appreciate your pointers and is there any ways to reduce taxes if at all possible? 

Also, confirm who handles the HOA-related items, it's not uncommon for PM's to not provide this service and it falling back unexpectedly on the owners.

One way would be to have 2 loans  that gives them the cash they need and reduces your debt payment in a 3 or 5 year note to cover that down payment they need  GIVES THEM THE CASH THEY NEED NOW AND A SHORTER PAY-OUT ON THAT 

They say you learn more about someone in stressful situation than in a successful situation - and I am learning a lot about how Roofstock handles disappointments.

Should I improve the property and use as a proof of concept to see if my market can handle a higher rent factor?