I will not be your employee, but in exchange for your help, you will get exclusive agency rights for any properties I buy and/or sell.

I think this is a basic question about how depreciation works in a 1031 exchange and I think the easiest way to ask is through an example:I buy house A for $200k, over the course of 5 years depreciate $50k of it, and then sell house A for $275k in a 1031 exchange for house B which I buy for $500k.

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However I documented my exchanges, in your case it would be the attempts to communicate without success.

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Why would you give one months rent away free in exchange for deposit that needs to be refunded? 

A 1031 exchange will save us the taxes but what will we exchange into?

Here is what Wikipedia has to say: http://en.wikipedia.org/wiki/Piercing_the_corporate_veilThis part is interesting: “Piercing the corporate veil typically is most effective with smaller privately held business entities (close corporations) in which the corporation has a small number of shareholders, limited assets, and recognition of separateness of the corporation from its shareholders would promote fraud or an inequitable result.There is no record of a successful piercing of the corporate veil for a publicly traded corporation because of the large number of shareholders and the extensive mandatory filings entailed in qualifying for listing on an exchange.”

If you were to hire a PM company, you will still end up doing some of the accounting and management work, but you should be able to estimate how many hours you're getting in exchange for the fees.

You seemed to indicate so in your response to my post.BTW, I spoke with Tom and he mentioned you had an email exchange.