I moved form Arkansas and am still adjusting to the cost of living here.

If something sits for longer than 2 weeks in prime leasing season you should consider adjusting price, marketing package, or easy to change amenities (appliances, include window AC, dishwasher, etc. you really need to review competing rentals and see what they include).

I understand the adjustments and concerns.

The second property will be purchased with a mortgage (you can determine how high or low the leverage will be by adjusting the proceeds you use or the price point of the 2nd replacement).You are adding some measured debt at a level that your dad can be comfortable with. 

In theory if they're identical property then each of them has 25% of the deferred gain in them.  

Google pressure regulator so you’ll know what to look for and how to adjust.

I think a good place to start would be to find your investor identity - Who do you want to be?

So in the midst of any up or down real estate market, they are engaging in price discovery, and making sure they are investing at a heavy risk-adjusted value.

Use it for high pricing 60 days out then as booking date gets closer you adjust your price watching the bookings of those around you.

States will adjust contracts.