Typically Investors complete a 1031 exchange out of active ownership/management into a DST because they are looking to defer capital gains and stay in real estate to build their wealth but are tired dealing with tenants, trash and toilets. 

Some are local people to the listing and assist in boots in the ground activities, others just do guest communications etc.A PM is not necessarily a building manager, but does typically manage the whole process property. 

So for example, a primary mortgage, secondary mortgage, and home equity line of credit would all transfer to the buyer?

Today, I want to take this opportunity to ​clarify some things and share what is going to change.Under the current compensation model, a seller typically pays a commission of 5% or 6% to their listing agent.

With a typical BRRRR deal you would like to refinance out ALL your money because part of it will pay off the original loan.

Can I simply let them know I do not intend to renew the lease in November, and if they stay it's a standard eviction process the same as a typical tenet?

We have created an rental operating agreement for the partners within the LLC.Do we need to consult with the Lawyer or legal team to finalize the operating agreement, so that when in need that document will act as a legal document towards our LLC for the members. yes I would consult with an attorney to make sure you have everything in there, for example what if someone files personal bankruptcy, dies wants to be bought out, arrested for fraud...

You can try with Kin as they are typically best priced however awful service. 

For example, get electrical up to date first since its a 1963-style ranch house.

Huntsville for example has more STEM and tech jobs per capita than anywhere in the US.