It sounds like you understand that you can only 1031 the real estate and will have to pay tax on the portion allocated to the business FFE. 

And you're right about avoiding weekly travel—sound systems can save you time and stress!

Sounds like you are on the right track in offering incentives. 

It sounds like an incredible resource, for $200 having a fully designed materials and fixtures schedule to pair with a labor only GC or a GC that can work well with a prescriptive materials schedule. https://ivoryhome.co/predesigned-packages/Just curious how other people’s experience has been.

It doesn't sound like you are doing a STR with it. 

@Giacomo Matthew Degl'Innocenti   Sounds like you should buy instead of rent 

Programs that market themselves as shortcuts often cannot replace the depth of understanding that comes from study, experience, and engagement with the legal framework surrounding real estate.Consider taking time to familiarize yourself with local laws and regulations.

Sounds like a great property from what you've shared. 

Your potential buyer suggesting you terminate the contract and them paying you a fee does sounds fishy to me.

It sounds like you’re in a great position to start your real estate journey, especially with your brother as a built-in renter.