Also read this article and watch the embedded video put out by Propelio.

Do you have a resource you can recommend whether it's a YouTube vid, book, or article?

@Steve Boss,  Here's a BP blog we wrote recently on costs nationwide - https://www.biggerpockets.com/blog/how-much-does-a-1031-exchange-cost.Just because an exchange is cheap doesn't make it bad. 

I would just go with Florida, you can jump on Sunbiz org and complete the company info, and fill out your articles of inc. 

But this IS a very competitive market....This is a good article on some of these markets with a huge supply:  https://www.adventuresinairbnbs.com/p/help-i-stopped-getting...Here is our Disney home:Last year, we primarily received guests from Airbnb and, this year, from Booking.com.

I can offer a few recommendations: 1) get an inspection while under contract to make sure you don't miss anything and do thorough due diligence in general (I wrote a long piece a while back that might help: https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...2) Read J.

I have been looking at Article and West Elm's contract grade options. 

You can find videos/articles online on how to get the basement dry, but the basic process is: 1) turn off all electric to the basement (to avoid electrocution from the water), 2) run pumps to get the standing water out of the basement (sounds like you're already doing this)3) remove all furniture and items from the basement,4) once you've pumped out the standing water from the basement, rent a wet/dry carpet cleaner/extractor from home depot, and use it to extract as much water as possible from the carpets (they'll be much lighter and easier to move once you get the water out). 5) After you've used the carpet extractor to get most of the water out of the carpet, remove all carpet and get it out of the house for drying (if you're trying to salvage the carpets), or throw the carpet out.

This article lists the areas had the highest percentage increase in the past five years. https://fox8.com/news/these-cleveland-area-cities-have-the-f...

BiggerPockets allows you to turn a great post like this into a blog article and then you can post a link to the article when the topic is revisited.