But the real value a 1031 intermediary brings goes way beyond simple document prep which is what the lower cost internet sources offer. 

How do I document a toddler in my property as a tenant now?

Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.

The reasons are 1- less competition in commercial2- greater property types lead to more opportunities for “value added”3- commercial net income projections include expense for property management, 1-4 unit residential usually do not4- greater “universe” of properties to buy allow higher minimum return standards Of course residential is MUCH easier to successfully deal in, and with reasonable leverage has small downside risk, so I 100% agree that most investors should stick with residential.  

There are pros and cons to self-management.

I am working full time at a another contractors (40 million in contracts) office as a project manager.

I think being in property management and maintenance my experience keeps me at bay for about 99% of properties I review....

Putting together a trustworthy crew is crucial to carrying out effective flips.Manage Your Finances Sensibly: When flipping houses, sound money management is essential.

This team should include professionals like agents, lenders, contractors, and property managers. 

I have seen they have been pushing RentRedi a lot on the podcasts lately and I fell victim to their marketing tactics and checked them out.They seem to have fairly reasonable plans ($9/month for year plan) and offer a variety of features but I am still confused why someone would pay for property management software when there are so many free alternatives out there.