This is essentially a type of deed that will transfer ownership as long as specific conditions are being met. 

I am not sure how long this process could take me and I am nervous to sign a lease if I can't Airbnb the property immediately. 

how long do things sit on the rental market?

I came out OK but I spent waaaaaaaaaaaaaaay too long on it for what I ended up making.

Furthermore, recognizing the tax advantages of utilizing a 1031 exchange can significantly impact your long-term wealth-building strategy.

Which one (usually, and I understand it's not simple) has a better resale and long-term potential?

@Jason Babos As long as you plan to use a property management company and the numbers on the deal pencil, I don't think it's too much to handle for a first deal. 

I know a couple of Americans who have gone so far as to repatriate to the US for a couple of years - long enough to no longer be a "tax resident" under the J tax regime - in order to complete a shuffling/1031 rebalancing of their US portfolios. 

You are getting good advice.I use a PM now, but when we were self managing we used the application our screening company provided with an additional page of additional questions I wanted to ask to support my screening point system.I ask more about address history, I want to know how familiar they are with our neighborhood and how long they stay on average. 

It will also depend on your goals short and long term and why you're investing.