What happens if something spills and/or leaks under the floated flooring (like a cooking accident or the tenant getting wet out of the shower on a regular basis)?

Start with small steps, keep track of what you do, and regularly check and tweak your plans.

My guess would be that as this GP is doing 1031 as a TIC into the deal he would be a little less likely to want a sale, which is a taxable capital event, and would like to keep his money invested and sheltered from taxation as long as possible which tends to fit with my investing style of long term/preferably forever investing.        

Is it different then regular insurance?

Most homes in Milwaukee sell with multiple offers, so instead of more contingencies or tests we currently see about 56% of all offers without even a regular home inspection.

If this is Hamilton Couty, there are three or four lawyers who have regular dockets in the Eviction room.

Might be worth chatting with the great folks at Dirtfish if they would be willing to promote your vacation rental or even package it, they have wealthy clients coming from out of town regularly, and the local hotels are very expensive....any vacation rentals close by would probably make excellent options.

There are several skip tracing providers but oftentimes they use a database that isn't regularly updated.

Think about your down payment, which is often 3-5% of the home's price for regular loans and 3.5% for FHA loans.

More eyeballs on your offer equates to more opportunities, so expand where you are listed or show up on social media regularly.