Termination right if STR no longer allowed, profit sharing, purchase option or ROFR, length of lease and lease options, how to handle major repairs, who pays initial investment in upgrading property, etc.P.S., this is also similar to co-working locations where the operator signs a master lease with the building owner and then rents out cubicles to individual customers.

If you are wanting to buy a primary, make sure your Schedule E on tax returns shows adding back insurance, taxes, repairs, depreciation, etc...

Inquiries, expedient responses for assistance, repairs, and maintenance, frequent rate/yield analysis, etc. 

That $15K could be saved for future renovations/repairs.

These connections will be crucial for your BRRRR projects down the line.With that in mind, I recommend starting with turnkey properties or those needing minor repairs.

Ask the power company to evaluate for any electrical leakage that you can repair. 

Now I am at the stage of negotiating a repair credit on the upleg and then removing contingencies.I know this is an unusual request but is there anyone who is experienced with 1031 that I could hire to make sure I do this right any my friend doesn't misguide me and mess this up?

Repairs increasing due to cost of labor and materials.They also mention taxing assets, including property and stock market.

I know that my tenants could not really afford to pay for any major repairs, even though I would work with them to pay over time.

Something to consider is with $30K (which is no small amount of money), you will need to factor in closing costs and repairs (unless you can negotiate with the Sellers).