Especially ion this coming year where I am trying to eventually scale the LTR company (asset owning company)The way I would have to approach this property management thing would be to create a new company entirely.

Plus differences in management style and financial input.

@John Yingling, my first thought is: if the property isn't serving you either lifestyle or financially, then let it go.   

I recommend reaching out to @Jeff Nash, he would be a great asset for you.

They really should stop for a second and lay out a map to "Scale" to determine what it will take to get them to Financial Freedom, or whatever their objective is. 

You can exchange into simply up to 3 properties in any state and any asset class. 1031 exchange is a federal statute.

There are financial implications and Liability if your advise is in error or if you fail to provide advise/info that you should have. 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

Cars are a depreciating asset.

But I'm trying to forecast the financials further and looking at the valuation after I get it turned over.