Not sure if the 10k can cover the termite treatment and re-stud the wall.

That said, we have gotten inquiries from all of the following: relocations, recent divorce, bible college students, medical treatments, construction/engineering workers and seasonal forest service employees.

Whether you're an experienced DIYer or a beginner, there's no limit to the ways you can add your own unique flair to your home.One area where you can really make a statement is with window treatments.

Understood - so if I hold for a year as a rental would open the option for 1031 (and also to sell as capital gain versus ordinary income).If you use this property as a rental, then yes, it changes its character to a rental property, and it opens the door to capital gains treatment and to 1031 exchanges. 

@Paul Dalton,  Simply looking at the length of time you held a property does not definitely tell you whether or not your property qualifies for 1031 treatment.

It's likely you will not save enough on the exemption to justify a greatly reduced rent for the relative vs the market rent for a true investment property.Residential Relative HomesteadsResidential real estate that is occupied and used for the purposes of a homestead by a relative of the owner is a homestead to the extent of the homestead treatment that would be provided if the related owner occupied the property.

Versus paying the tax and going an alternative route.Delaware Statutory Trusts are specifically blessed by the IRS for 1031 treatment. 

Now it qualifies for 1031 treatment. 

Applying the passive/nonpassive treatment of irc 469.

@Tommy Chenghttps://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals