If there are utility bills, car payments, that sort of day-to-day necessity items, that's not good.2. 

With any business there is always some sort of accounting issue that comes up.

But that is my back pocket plan B.Trying to come up with some sort of bridge strategy to then domino the owner occupied refi route first.Plan C is being the opportunity to potential investors, which I have a lot of interested people but ideally want to do this solo.

Sort of the same as above.  99% of our interactions with guests is very positive but the 1% can put a bad taste in anyone's mouth. 

So, you need to figure out what sort of tax system is going on for the areas that you are looking for.

When you hear “…but I heard they lowered rates”, well, they sort of did.

The funds in this case were likely held in their individual name, and a death, bankruptcy, or other could affect the ability to close out and complete the 1031 exchange.The safety and protection of exchange funds should be of utmost importance, which is why you should always work with a qualified intermediary that has some sort of regulatory oversight; not just an internal audit or something, but real regulatory oversight with an outside, independent regulatory audit. 

Once you've got your rent comp data set - sort the rents by unit square footage (IE - unit size), and break down the rents by $/SQFT (IE - rent / sqft).

You definitely have to sort through inaccurate numbers and people with an agenda. 

Debating one over the other is splitting hairs, if you ask me.