What Ken is saying is that if you are a flipper, as in buying and selling multiple properties a year with no intention to hold them, then you won’t qualify for long-term capital gains tax treatment even if you hold those properties 366 days as you’ll be taxed as a real estate dealer, not an investor.

@Kevin Sobilo is correct, this property will more than likely not qualify for 1031 exchange treatment.

The treatment of the unit by the tenant.If a tenant has lives there for 20+ years and there are no updates and they smoke, you can have to renovate every square inch + appliances + front and back hallways, you can get over 30k easy.If the tenant trashes the place, same thing, you can spend 30k on a newly renovated place.With labor cost and material cost sky rocketing turnover’s are becoming a major issue for our clients and are sucking up cash flow.We are starting to do things like waive rent increases for good tenants, increase habitability by adding in suite washer and dryer, and whatever else we can do to get 3-5 year tenancy.

Something like 74 gallons per 1lb of avocado. https://www.iot-now.com/2016/0...They did build a desalination plant in San Diego California, 50 million gallons per year, enough for 300,000 people, but they also just denied a $1.4 billion dollar plant while saying they were open to the idea. https://www.water-technology.n...I know we also spent money fixing leaks the Mexico’s water leaks and get a kick back in extra water.https://www.watereducation.org...But for Las Vegas we return so much of our water “use” after treatment we’ve never drawn our full allotment and it sits in lake mead waiting for us.

Another possible solution would be a tertiary treatment of sewage which makes it completely recyclable. 

If you are suing a tenant for COVID-19 rental debt, you can sue for more than $10,000. https://selfhelp.courts.ca.gov/small-claims-californiaIf she claims or can prove she was in the hospital for cancer treatment, the judge might grant a temporary stay.

⦁does it restrict my choice of restoration/treatment providers?

You may find buying what might appear to be a lesser cash on cash return rental asset that's held long enough to take advantage of more efficient long term capital gains tax treatment, while paired with the benefits of the depreciation might yield a better after tax return than flipping a home.

Ill add to what the above poster said- my biggest mistake was letting tenants push me around, demand things, ask for special treatment, get discounts, etc.the #1 thing I have absolutely found is: The people who ask for extra things or special treatment, and especially the ones who ask for discounts- tend to be the worst. they are the ones that complain and ask for money back, and make the implication that they will leave bad reviews otherwise. 

I had renters like that once, and along with being dirty, they got gum stuck in the dryer, nail polish in the carpet, damaged window treatments, burned plastic on the stove, etc.