Of course gross is a whole different thing in vacation rentals and Julie is right you should spend the first year swapping things out new appliances new furniture new everything.

We don't stage with much furniture at all, simply color accents.

@Joe Osterfeld connect with your PM...they should be able to provide the service themselves or facilitate the work...this is a common task for any window company...the alternative is to jump on the phone...most handymen do not have a brake to do the work...too bulky and expensive to carry around...typical cost is about $200 per window...painting may be a better option depending on the condition of the wood...you can probably get full replacement windows for $400 a hole...maybe a better long-term option

I've stayed in rentals that had over 50 five-star reviews even though they had broken furniture, a record player prominently featured in the marketing but it had no speakers, guitars prominently featured in the marketing but they had no strings, common kitchen items missing (e.g. strainer), and more.The response was too wordy.

We have taken on properties that had poor reviews, but there were underlying problems that resulted in those reviews - rickety furniture, washers and dryers that ruined clothes, things terribly out of date.

You'll need a $1,000 emergency fund in case you get hit with any unexpected bills, then you can pay off your credit card debt, and make sure you have some cash reserves for any property incidents that may arise or paying for the furniture you'll need while you live there for a year or two.Great work and good luck!

We had a budget for that too and wanted to use the furniture for future flips, but used that budget for this house.  

Plus, it's mostly things like guitars, guns, the odd piece of furniture we've been selling off bit by bit, so we never really thought to do paperwork on it. 

It's kind of like a homeowners policy, but for non-owner occupied dwellings and typically doesn't cover the personal possessions (furniture, etc.) inside the dwelling. 

There is the real estate component which qualifies for 1031 treatment and there is the personal property which may only be exchanged for like personal property.If you're simply wanting to go buy new furniture out of your 1031 that's not as easy unless you close your purchase and use an lOC on the new property to purchase the personal property.