My all-in expenses put the total investment at around $43K.

Maybe it would be a good idea to break the project down in phases and hire out a smaller portion he can or should be able to reasonably handle in a time frame that makes sense for you.

But our timeframe is a year from now, so we're still figuring everything out.I work in film/tv post-production and while I may be able to do the work from home thing with that job (at least to some degree), I will need to replace much of my income with this new business.Thanks again- I'm sure I will have more questions as I do some more exploring.... 

Perfect Nathan, investment time frame is one good way of looking at it.

This would allow us to bypass a simultaneous closing and buy a new property within a 180-day timeframe to fulfill the 1031 exchange requirement.

To top it off, once I get that information, I have to then set a dedicated timeframe to do all the pile of expenses. 

Income was categorized in expenses and expenses in income.

While we're uncertain if we'll find another female tenant for the same timeframe, we're considering our options for the best course of action.Should we rent the master bedroom to her in hopes of securing another female tenant for the same period?

Different exit time-frames, people missing payments for mortgage and taxes, who pays for repairs, what happens if someone moves, what happens if their life situation changes. 

List of closed deals, time frame to complete, costs of the deals of the past.