Even then, banks providing a business line of credit (one that's lending to a LLC) will rely less on a personal credit score and more on the cash flow generated or the collateral provided.

Thank God I don’t rely on property managers .

Please do not rely solely on your CPA to make the 1031 happen.

However, I do not rely on that additional leverage to goose the pro forma return calculation.

Well, nothing where positive cash-flow was expected.Investing remotely takes knowledge and skill, and having to rely on "relationships" in the remote market can be daunting. 

Going out of state in your first deal is pretty risky considering you dont have any experience in this space and cannot rely entirely on other professionals to take care of your property.

After your meeting, if you wish, she can provide you with a written opinion letter that discusses how the Trust will work on yourparticular situation, and the tax implications for you.This should give you some peace of mind to know that you can rely on what Platinum Trust Group has shared with you.For more reading, at the bottom of the IRS page, you'll find a link to a table of contents located at https://www.irs.gov/businesses...You'll see in that table of contents a link to a section on taxation of Non-Grantor Trusts located athttps://www.irs.gov/businesses...As you'll see in the Taxation of Non-Grantor Trusts article, it states: "If the trust is not a sham and is not a grantor trust, the trust's income (reduced by amounts distributed to beneficiaries) is Taxable."

Be sure to do your own homework in the future and do not rely on any one person's opinion. 

Relying on the tenant saying "the check's in the mail" can lead to issues.What will you do if the property needs maintenance or repairs?