In your scenario, selling the relinquished property for $450K after completing a reverse 1031 exchange will allow those proceeds to repay the intermediary without triggering capital gains taxes, provided all exchange requirements are met.

The very basics would be getting your furniture and shopping list together, keyless entry like Schlage (with backup lockbox with physical key very close as well), looking into insurance, local taxes for STRs, and moreAlot of ways to save time and make it easier to self manage with a property management software like Hospitable and data research like AirDNA.

The city has no restrictions but they claim the neighborhood has... 

As most investors seek to do in real estate, we want to generate positive passive income through multiple avenues such as equity, cash flow, and even tax advantages.  

Have a good CPA to help come tax time. 

My property tax increases have been 17% for both homes (no Proposition 13 like in CA with our max of 2% increase).  

Or stay a second year and sell tax free. 

@Andy LanyiGood comments on how to reduce tax bill. 

I'd like to not "find out the hard way" if one of these sites are not a good match for me.The ones I'm considering are Propstream, Property Radar, ListSource, and PropwireSomething to note, I am looking to return to doing some wholesale deals, using criteria such as absentee owner, out of state owner, tax delinquent, vacant, liens, and pre-foreclosure..

@Monica Juarez-Gonzales Cost Seg and Solo 401k are both great tax and financial tools!