Maybe because there are more low income areas people assume the tenants will just naturally be bad or something, but that hasn't been my experience and kind of a negative stereotype in my opinion. 

The issue at hand is that you and your husband must have the intent to hold the replacement property for rental, investment or business use in order for it to qualify for tax-deferred exchange treatment. 

Tax treatment on short term stuff is an issue. 

For other information on the day to day running of an Airbnb go to the beginning of this thread and read thru, we have both previously posted ownership tips and naturally do a search for Airbnb here on BP. 

The underwriter will require this home be superior in nature to the "exiting" home for a reason to build as a primary.

Hello – I'm looking for confirmation of understanding/ advice relating to transferring property into LLC and treatment from a tax perspectiveMy parents completed a 1031 exchange over 2 years in their own names – they file a joint tax return.

For a deal of this nature, which parties from my Work Network need to be involved?

I would give them the red carpet treatment.  

And in coming to this point as a natural earthy mama and many years of midwives, home births, La Leche League meetings/many years of nursing my kiddos on cue.....  

Well, when it comes to filing taxes I usually don't rely on the kindness of strangers (especially when they have no liability), but if you think getting a lot of replies (some conflicting) will help you make up your mind - Have at it.Honestly, am not trying to be a jerk (as you can see it comes naturally), but your tax guy is the best liability shield against the IRS you have.