I am a local vendor in the TX: Primary areas SA and AUS I am offering my services as a GC (Maintenance, make ready’s and turnovers) vast experience with property management companies. 

@Heather FultzCondos can have the advantage of the maintenance of the outside taken care of but can run into issues with HOA and restrictions on STRs that you can't control. 

I buy turnkey properties that only need a couple grand worth of backlogged maintenance.

Car washes require regular maintenance, collecting cash, etc.

I wouldn't want to take the capital gains tax hit so personally I would lean towards a 1031 with a lower maintenance property. 

Be aware of additional costs such as service charges, registration fees, and maintenance fees.- Property Specifications and Quality: Detailed Specifications: Get a detailed specification of the property, including materials, finishes, and fittings.

So, they take a large up front payment, pawn things like maintenance off onto them and in 2 years they take the house back?

For future operations, it would be best to require regular inspections and maintenance.

Of course, he gets to live in the house and is responsible for maintenance.

If you get behind, you'll start neglecting maintenance and/or attracting lower-quality renters.2.