I would like to change the name that the oil and gas company has on record (the LLC) to my personal name but they require a "conveyance document of record" to be filed with the county recorder's office.

I'm conservative by nature so I'll plan for the property management costs in the beginning as well.Thanks @Josh Cook, I definitely will.

The relationship will grow naturally and you’ll learn a ton, just don’t call it “mentoring”.

This is not a dig at wholesalers, it's the nature of the relationship.  

For instance, Oil and gas rights and royalty interests in mineral resources are considered real estate for purposes of 1031. 

If you have slop behind it, that's from where most of the water is coming into your backyard - that wall should "capture" it and redirect it on the sides, and eventually, further out along the sides of your house following the natural ground slope (see pictures below).The backyard seems flat - one way or another you'll have to find a way to slope it and move water along.Just my 2¢.

With the unpredictable nature of timeshare assessment fees and maintenance fees, I would probably avoid that deal.

The numbers look great and it's in a solid location but the one thing I am not familiar with is it uses oil heat (my current multi is gas).Is there a lot more work dealing with tenants and oil heat and are tenants less likely to want to rent units with the added cost of oil and the hastle of having it filled?

The lease had a TBD for the address to send the remainder of the security deposit to My lease agreement states that if the lease is terminated before the natural expiration (such as by an eviction) that a re rent levy would be charged.

Might be time to "Blacklist" that area and let "Nature take it course" as it has done in the past in other areas.This seems like it will devolve the area for investment attractiveness, which will probably drive the property values down to what the local's who live in the properties can afford for themselves to live in, leaving a certain amount of homes and areas as a wasteland of non-kept-up run-down dumpy homes filled with violent residents (further increasing it's spiral downward into a slum).Nothing special about that area.