How well the rental is functioning?

I agree :) As Peter Drucker said... any business has 2 functions.

The PM shows the properties, answers tenants calls, collects the rent, recommends fixes to the owner and deposits the money in the owners bank account.With the combination of the condo association and the PM, there is very little for the owner to do. 

It's just a "model" but it shows the power of combining all the aspects of REI into one, and using exponential growth to really make it big.

I assume that means your partner may never have to put in any money, and yet can still profit on the deal.The combination of giving your partner right of first refusal (the ability to chose not to do the deal) and then giving them the opportunity to make a profit without doing anything seems very contradictory.

You can always start off with one (1) 1031 Exchange and then decide to drop the last few sales into a new 1031 Exchange if they are not selling quickly.In my opinion, how you structure your 1031 Exchanges will depend to a large degree on what you want to reinvest in (i.e. how many properties, what type of properties) and how flexible the seller is willing to be.The more properties and/or 1031 Exchanges the more complex the deadlines and identification processes can become, but they are done all the time.It is also possible to combine a regular Forward 1031 Exchange with/into a Reverse 1031 Exchange.

I listen in my car but combining my listening with my workout is something I need to try.

Plus there are discounts when the properties are combined so its a little less expensive to boot.

Also, most of the tasks that I have them doing is systematized into documents that I provide them with.My only basic function is to help them out when they run into roadblocks or get stuck on a certain task.

Can you function well under pressure and in a fast paced environment?