I would request the tenant's entire file which would include application, credit/background info, copies of identification and security deposit information.I believe security deposit will be transferred/credited to you upon closing, but you can get clarification from your closing agent/attorney.Once you close on the property, send the tenants a letter introducing yourself/your company as the new owner/manager with contact information, how/who to contact for maintenance request, how to pay rent and what will take place within the next few weeks regarding setting appointments for walk thru inspection to assess for repairs/upgrades and meet the tenants, signing new leases, requesting updated documentation (proof of income/identification ) and things of that nature

The 1033 Exchange is for involuntary conversions such as eminent domain or natural disasters.

My point is that all investors have different wants & needs so naturally their questions about a perticular property would be different.

My family is ready for a new home so naturally I thought about renting out our current home.Will the bank want to see this house rented out for x amount of months before they approve me for a new loan so I can move?

I think that most investors want to look at as many metrics as possible, GRM, Cap Rate, and IRR to name a few, to really understand the nature of the deal.

For this purpose, I created a podcast website: http://chatterboxcentral.com/ where I could upload content from a number of categories, which naturally would start with my experience as founder and ceo of a real estate investment group and design, development, construction and property management firms.

I realized that he was about mid-way through a 30-year mortgage, so he was doing a pretty good job of paying down the principal with the monthly payments simply through natural amortization (he had a mortgage on it still).  

Someone making a Colonel's salary would normally own a home, but even high ranking officers and NCOs tend to be renters in the Army because off the transient nature of the job. 

I'm traveling down there August 7 to 11 to look at neighborhoods and meet people...Do you happen to have any detailed information regarding the type and nature of the fund and also what is the target value of the fund?

We worked closely with a realtor who helped us with the city and where the right side of the tracks happen to be and what real rents were and how much improving we should do (we are natural over improvers and have been told we have the nicest rentals in town which makes me happy.)