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.

I do not provide any "common" appliances or furniture (liability and maintenance concerns), so tenants must supply their own lawn furniture, etc.  

Also, you will need to pay for furniture and the time it takes if you need to replace certain consumables and such (or again pay for someone else to do it and manage them)3) Invest in Realty shares where you are relying on people you don't know to safeguard your capital and hedge you risk for a passive return and very little time.

(Verified) However there is junk all on the outside (trash, old furniture etc) what would be my right to go overall clean up all this debris.

With furniture in place you have no idea what condition the place is in.  

Anyone can sabotage the financing simply by having their credit report pulled at a furniture store or two.Best policy is to have a good relationship with a good lender.Another point, if the buyer still wants the house add a sudden death clause to the purchase contract and realist it.

I remember a couple times having to cut furniture apart to get it out the doors.If you can get more than market rent by accepting Section 8 it may be something to consider but I personally prefer to rent to people who can afford to pay. 

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. 

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!

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.