Provide a detailed accounting of deductions, along with the invoices, to show you’re acting in good faith.

Please speak with your tax accountant asap or find a 1031 intermediary asap.

I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…

Biggerpockets has a ton of free accountability groups which will keep you on track for your first investment and also teach you along the way! 

I will say, short term rentals require a bit more work, and if you are moving out of state, you may want to take a look into getting a property manager ( take that cost into account when running the numbers ).I hope that helps, reach out if you have any more questions. 

It would be far simpler to put the $500,000 in a bank account owned by the LLC and you immediately own a fixed percent.

I have totally given up on Quickbooks though it remains the best accounting software for the non CPA type 

My motto, "Honesty, Integrity, and Accountability," has always been my guiding principle—not just in business, but in my personal life as well.

Most likely your conclusion is correct, but the only way to confirm it is by having a real estate accountant review your tax situation.Also, please read this introduction if you want to better understand the concept:https://www.biggerpockets.com/forums/51/topics/1075919-five-...

This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.