When doing a 1031 exchange it is the use not type of real estate that is critical.  

Make sure you have enough cash to finish the rehab on the property and that it can make money when you re fi out of it and rent it and you will be golden.Those items are all critical. 

I have to say this next sentence for those who might read this in the future so sorry if it feels critical: don't ever ever ever change jobs right before signing a mortgage, refi or not.

This is critical.4.  

Your team is critical.  

Until you reach critical mass, you even have to ask yourself, who will take tenant (and owner) calls on the weekend.  

I had the same thing happen recently from a seller on a 1031 exchange, where time is critical.

These documents will be critical to you as a landlord and will determine what kinds of obligations you have to the tenant such as parking, storage space, when rent is due.-- get the tenant estoppel.

Am I stepping out of bounds by wanting to be more hands on with these critical elements?

I didn't fare too well on the first house I purchased, so I want to educate myself more on the market and investing.Thanks for the information and blogs, any comments or criticism welcomed