Obviously during the renovation process we tend to focus on functionality and cosmetic features.

Gross negligence often comes in the form of folks just not understanding fully their policy and most are not going to hire a lawyer to read over the insurance policy hence we like doing the additional asset protection.

I am in the process of assuming a mortgage and thye will only allow me to assume the property in my name and not an LLC.

Do I need to rent the condo first in order for it to be classified as a rental property before starting the 1031 process?

If that is the case you will need to hire a property manager who will likely charge 8-10% of the monthly rental income.

I will definitely be in touch as i proceed in this process.

I have looked into possibly paying for a mentorship course to help me through this process.

Property tax is a very local issue, and the details of particular problems can vary widely based on the statutes in that state.I'm mostly wondering what issues people have run into , and if they've hired outside help to deal with those issues.

Very soon I’m going to start the process for my taxes with them so, I can let you know how it goes.

Are aware of any software solutions/service provider for managing C-corp operations like payroll processing, book keeping etc ?