Also, if you approve them, make sure she is on the lease, and signs any rules and regulations you have. 

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

Additionally, the replacement property must be real estate to qualify under IRS rules.

This would be the fourth year of two one year extensions.

My underwriting would have this large negative cash flow for 7 years.I would do a thorough underwriting but want to show using quick math the issue so I will use the 50% rule.  

You did purchase the property in one tax year and are selling it in another tax year which satisfies one of the court rulings. 

I have found personally some city rules for renting are simple in the suburbs and some people are specifically seeking these areas for one reason or another.

be sure to stick to your 70% rule for the flip, know your numbers. run everything conservatively. overbudget for time and costs but 15-20% Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The goal of a HELOC is a quick line of credit to either refinance or sell and pay back the HELOC as soon as possible.PS - I would recommend taking a look into the Columbus Ohio market, there's tons of 1% rule deals still within the 120-180k price point with amazing appreciation potential.

You’d like to think you get what you pay for; however on this instance you seem to be over paying for hands off passive real estate.If passive real estate is truly what you are searching for, have you considered 1031 exchanging into a DST (Delaware Statutory Trusts) or other rules of syndications?