But you do get that guaranteed rent as a trade off for your work.I have some section 8 tenants and other programs that are 10X tougher.

Best tip: Go to "B or C" apartment complex, locate the maintenance man, he is jack of all trades, master of none but can do almost anything you need done.....he gets paid at best $15-20 an hour.  

depends on how active you are but remember you likely strive to make more than the trades (even though plumbers are expensive, my time is worth much more).  

These detailed records, (many copies of which had to be scanned & emailed to them), saved us from any 'taxable consequences'. 

We should jump on a call and trade ideas

Go to school and finish “ No Quitting” One went to college and graduated, with no debt because they worked all through college and applied to enough scholarships to make your head spin.One left home early and found consistent employment currently a young supervisor( now married with kids)The last one stayed home like first one got a trade in the electrical field (graduated).Then I told them no outside debt, you are getting houses.

Running a real estate business together with your gf has many non-tax consequences.

Eventually, I'd like to utilize a 1031 exchange to trade up into larger multifamily units.Thanks in advance for your insights!

It’s a jack of all trades here with little to no trade offs/cons when comparing apples to apples to other large STR markets.The key to success here though comes in the knowledge and execution.

Consequently, you might want to try to salvage this deal and move on, fast.