(Properties were in different conditions/levels of upgrades)5) In this market of high demand and low supply, it is best to get in and stake your claim to a property.

The easiest and safest solution, but usually not the most practical, is for the LLC and its members to stay together and sell the relinquished property and then have the LLC also structure the 1031 Exchange at the LLC level and buy the replacement property under the LLC (partnership). 

Dig deep a few level to decide what your driving factor is.

One may do a high level inspection for $300 and another gets in the weeds for $600.

With lower income levels they want max yield with the NNN as they had that big pop of equity increase to get them financially free.You have that scenario versus a doctor of other high income professional making typically 600k to over 1 million a year income.

The market is hot right now but it is starting to level a bit.

Is it at a desirable level?

With that said, LP equity receives some level of voting rights in partnerships so you could structure your agreement, even through a side letter agreement, so that your “passive co-GP” has some voice in the decision making process.

Something I am sure they are proud of on one level but this is where it really hurts them. 

Yard was somewhat leveled back out, some seed and straw put down, chunks of sidewalk placed back and that appears to be all they are doing.