What else might prevent me from doing it? 

Please help any help with answering the suggested answers so I know where I went wrong in part 1 and any additional clauses that need to be included in part 2.I am aware BiggerPockets does contain contracts specific to each state but how much in detail are they i.e do they cover everything I've mentioned and perhaps even more things I haven't thought about yet?

And when an investor does this using 1031 they want to continue to get the benefit of deferred tax and additional income indefinitely. 

Do others make tenants pay an additional application fee?  

Additionally, I'm not even sure how I'd tackle that legally if I did try to recoup any unpaid rent from three different cosigners. 

Anyone have additional insights on Bend or KC?

I’m going to sell this property soon as my HOA won’t allow me to transfer it over to an LLC.We want to purchase 5-15 doors (2-6 multi family homes) in the next twelve months and I currently have about $5000 saved and potentially have access to an additional $150k in family/friends money.

It’s a double lot (6400 square feet) that had a 700 Square foot addition added around 1940.

For me, I only allow my partners to pass on "economic shares" (I am NOT a lawyer, I might be calling this the wrong thing), so their spouse will still get the monetary benefits of the partnership but not have any decision-making power unless I vote them into the company, it prevents me from becoming parnters by default with someone who may not know/understand/value/think/share my investment philosophy5.

There is also a possibility to purchase additional acres for building.