At some point every house needs a new roof, new plumbing, new windows etc, so it is critical to understand how much money you have to budget for the next 10 years.

I think that you would have to understand what you are trying to accomplish before discussing compensation.

Know your risk tolerance and understand the situation you are putting yourself in.

Luckily the seller of my first property is understanding and has given me some things to take care of in terms of changing over utilities and such (this is a duplex).

It's about truly understanding their needs, concerns, and motivations, which can often lead to more favorable outcomes for both parties involved.

Welcome.Make sure you take the time to understand Property Class types, so your expectations are aligned with the performance of these classes.

As I understand, theres a big difference.

My understanding is with a TIC you have the option of keeping the same TIC structure with all parties OR completing your own 1031 and the TIC partner can do the same OR they can just pay the tax and move on if they choose to.

My understanding is the property must be owner occupied (not the case for us). 

If you're lucky enough to find an interested seller, you will need to have the tools to quickly analyze the deal, understand if the sellers motivation to sell, pain points if any, and genuinely see if you can provide them with a quick exit strategy.