Tell the current PMC to transfer the SD to the new PMC, that way they have a record of handing it off to a licensee (assuming PMCs are required to be licensed in your state) and are covered in case of a Real Estate Commission inquiry.

Just getting my financial house in order and talking to some lenders. 

You have plenty of options in DFW.

In your experience, what specific factors do you find most critical during the underwriting process?

Is it common to ask for bids before locking in contracts?

I am currently reading ‘The book on investing in real estate with no (and low) money down by Brandon Turner, hence why I recently joined the blog. 

After two decades in real estate investing, I'll give you the unvarnished truth about building wealth through property.First, forget the TV hype about overnight riches.

I posted a much similar post in another forum and got a combination DSCR lenders (which is fine) and crickets.

Any other strategies for using 1031 money in this situation or is it only for purchase of a new rental property?

I have had legitimate folks ask to see my place in person for a 5 week rental and I did a FaceTime tour with another that was out of town.