@Kerry BairdYour suggestions are surprisingly to foreign to most.

If they don't answer, you write another letter that states that you given a reasonable amount of time and the mark is still on your credit report, and then ask them to respond to you within 10 business days, if they do not, you will write a complaint letter to the Federal Trade Commission.In 10 days write a letter to the Federal Trade Commission.Many people don't realize that the number one complaint to Federal Trade Commission is problem on credit reports of consumers.Federal Trade Commission gives out fines for people that don't fall the fair credit reporting act, I think it's $10,000 per occurrence.So, if you want to clean up your credit report first contest negative marks.If it comes back verified, I would get a debt negotiator, and you need to get at least 70% of the debt to offer them the money in exchange they help you clear up your report.

To put it in simpler terms, you're being asked to take on risk appropriate for a 12-15% return in exchange for a 6% return.

. §54.1-2103 Exemptionsa.The provision of this chapter shall not apply to:1.Any person, partnership, association or corporation, on their regular employees, who as owner or lesser perform any of the acts enumerated in §54.1-2101 with reference to property owned leased by them, where the acts are performed in the regular course of or the management of a property and its investment therein;2.Any person acting without compensation as attorney-in-fact under a power of attorney issued by a property owner solely for the purpose of authorizing the final performance required of such owner under a contract for the sale lease purchase, or exchange of real estate;3.Services rendered by an attorney-at law in the performance of his duties as such;4.A person acting as a receiver, trustee in bankruptcy, administrator or executor, any person selling real estate under order of the court;5.A trustee under a trust agreement, deed of trust, or will, or the regular salaried employee thereof;So if you are not interested in getting licensed, and don't want to manage any more, then I would say have your friend give you a power of attorney to manage the property for him.  

Is it worth while take on the risk of having a pet in the home in exchange for the likelihood of them remaining in the lease for several years...hopefully 5+ years?

The house I was renting film family, which I put thousands of dollars of My own money onto, was unexpectedly put on the market and thus I wasn't able to open the daycare as expected and after that it became a game of "who will rent to me" as all I had to verify income for 3 years was PayPal statements that show money received as gifts rather than in exchange for goods or services.

.- 1031 Exchanges will allow you to defer taxation for as long as you'd like.- Give gifts to your heirs.

What type of fees do you normally incur when doing a 1031 exchange?

Testy exchanges or misinterpretations are much more likely in a texting exchange than one on the phone or in person.

It is all about coordination and timing.The first recommendation that I would make is for you to consider a Reverse 1031 Exchange.