So if the short term rental is the first floor might be less likely to cause annoyance vs it being on top or if the beds and living  rooms are side by side or opposite ends of the building. 

@Kimberly PittmanWow, it sounds like you’re far from being a newbie—you’re a rockstar!

Thanks tons and if this question sounds very immature, i'd say 'that's about right' given how new to this game we are.Thanks again!

The deal sounded good at the beginning but thought it included his fee and it didn't so he's tacking on his 20% on every bill. 

Good luck getting your asking price - sounds like a great project.Have you looked around to see what kind of inventory is available for your next purchase?

I was thinking that the very thin hard carpet could serve as a sound insulation layer, and just installing click together LVP right over the thin carpet and the thin hard stick on tiles. 

Louis (though I was born in STL).This sounds like a great property.

Quote from @Cari Sweet:  This sounds like a case for Fair Housing- Familial Status discrimination. 

For me - my two cents are no amount of innovation can replace sound underwriting and valuation practices.Curious to others thoughtsI have nothing to say that you haven’t already most eloquently stated.   

It’s generally better to pay taxes, especially if it’s preferential LTCG treatment and make a sound investment with cash that remains than defer and make poor investment decisions.