The IRS requires that any relinquished or replacement property in a 1031 exchange be "held for investment or use in trade or business", which is a very broad and liberal term. 

I spoke to a financial advisor for the first time, and throughout our broad conversation, one of the main points he hit on was my need for either an LLC or an Umbrella Policy.

It is a very broad definition. 

And although the "interests of justice" seems like a broad phrase, and most evictions are in the interest of justice if you ask the landlord, this is actually a very narrow standard.

A broad answer would be to definitely refinance prior to moving out, but again...the exact factors can change what the best answer would be.  

I understand that there are many more factors at play here, however, I believe that realistic goals are important and I am looking to validate  this broad stroke aspiration by asking more experienced real estate investors to weight in on this hypothetical.I am deeply appreciative of any feedback you might be willing to share with me.  

If you want to have a lot of direct control over your investments and want to be in the know about the day to day operations then self-management can be a better fit.Painting with a broad brush here, you can expect PM services to range between 6-12% of the monthly rent amount, varying widely based on a number of factors.

You can rotate numbers about every 30 days and that can help, but it seems that soon the only viable marketing channels will be SEO, PPC, internet marketing and direct mail.What are your thoughts on the future of REI marketing?

Anyway, my best CAP rate estimate for you, assuming tenants cover electric/gas/internet, and you pay around $200/mth in water/sewer/trash, $180/mth insurance, your operating expenses for the year are $15,780 bare bones, and making your net rental income $6420.

Recommend you don’t use this as your starting prices; go after a richer neighborhood and charge higher prices.23Auction rulesPost a “Topic” on this Forum and ask for some copies sent to you.24Security systemSituational, work with your local security firm.25Fencingsituational26Self Service or managersituational27Management softwareSince the world is internet based, see if you can use one of the Storage management softwares in Zagreb.