Any deed passing or constructive sale (legal term - risk of loss passing) will negate his opportunity to do a 1031.  

With these types of people, I usually tell them that $700 a month isn’t really very much at all to pay for a three-bedroom home with a full basement, fenced in backyard and a garage.

Refinancing usually comes with a lot of fees- they don't really talk about that so much-  so you want to make sure you get your money's worth when you do refinance!

In listening to podcasts so far on REI topics, I get the impression that lots of folks start off managing their own properties before they get a PM, and once they do they usually have lots of properties which seems like an incentive for a good PM to take on their business. so as we get started I'm wondering - how do you get a property manager to manage just one property when I first start?

And they specifically said they would not make any negative reports to the credit bureaus during that time.

Reits could throw off around 150k annually on 2 mil and nnn depends but usually less without financing.

You will usually not get much of the deal generally just a small slice as the larger JV partner is doing most of the work to entitle the land and develop it.  

How long does it usually take to raise the money?

I know that usually people trade up and buy a property of equal or higher value but let's just say that you buy another property for $150,000 from the cash you received from the sale.

People who are against Condos usually say this:The HOA will eat up a lot of your profit.