Hello,I'm reading Avery Carl's book "Short-Term Rental Long-Term Wealth" and she mentions setting up a designated business account and making housekeepers fill out a W9 and paying them through direct deposit or an online invoice payment platform.

I want to sell it and take the profit from the primary res half, and reinvest the other half via 1031 exchange (I believe that is the correct designation). 

I remember when I completed my first ground-up new construction here in Chicago - FELT AMAZING to finish.Our biggest lessons learned were around getting the water service done early on because of our harsh winters and making sure we keep our designer in check! 

Bigger Pockets has an abundance of resources, from articles to podcasts and forums, all designed to help you learn the ins and outs of real estate investing.

I do not feel comfortable going back over there after how they acted during the inspection.Do you think they will have legal grounds to move forward with suing or rent escrow actions given the following circumstances 1) "as-is" language in the lease (pasted below); 2) nothing about smell is included on the pre-move-in inspection; and 3) the city inspector was already out and stated there was no violation?

By adding a mini split, I increased the value for sure, not to mention increased the comfort of my STR guests.

We GC and design (and actually I'm a RE agent) in Waco!

Agree they are both tenants and you can't keep it from the other tenant.If she gives notice you can send them both their own move out letter which would give him a chance to react.Agree the other one can stay if they want to and qualify.We always designate one tenant as the primary, in the lease, and make it clear that they are the decision maker. 

By parking your profits in these designated areas, you can delay and maybe even shave off some  capital gains taxes.

Rents in the area are anywhere from $1k-$1300 a month.My plan was to get a hard money loan to get it going and fixed up and ready for tenants, then within about 6-7 months refinance the home with a traditional lender, then sit with that home for awhile until I get fully comfortable with the one house.