I once rented a 5bed/3bath in two days, just a week before Christmas when the ground was covered with snow and ice.Sitting vacant in the winter increases the risk of frozen pipes or other expensive problems.

Some quick googling suggests the answer is yes provided I don't rent it out more than 180 days for the first year, do I understand correctly?

That way you know it's there for a rainy day or capex. 

Personally I’d do a 1031 to save $40k, I’d skip the LLC, increase the limit on my umbrella, and call it a day.

https://www.har.com/content/department/mlsHouston Real Estate Highlights in November, 2024:-Single-family home sales increased 6.0 percent year-over-year;-Days on Market (DOM) for single-family homes went from 48 to 52 days;-Total property sales were up 3.3 percent with 7,750 units sold;-Total dollar volume rose 11.1 percent to $3.1 billion;-The single-family median price was up 1.5 percent to $329,900;-The single-family average price climbed 4.1 percent to $418,903; -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.

They think they found a diamond in the rough that's been sitting for 300 days when every other experienced investor passed on the deal.

However, they failed to do so and remain on the premises.I immediately contacted my attorney, who filed a warrant for removal the next day.

Since Zillow doesn’t allow live links in messages (even links to articles on their own site), it’s also challenging to direct people to my own website, where integrating a chatbot would be much simpler and more effective.

You have to know what you are getting into.3) Make sure they can close in 30 days. 

That's more than 30 days and you don't have to worry about two different prorations.