I know I have to live in this property for at least a year, but is the rule as a landlord 2 years?

Have written rules --  NO parties, unauthorized guests, underage drinking, police calls, whatever. 

IRS ruling from Rv proc 2004-86 is that ownership of an interest in a DST qualifies as ownership of real estate for purposes of 1031. 

Yes there are timelines and rules, but since you're only looking to exchange one prop worth about $130k, you're probably aren't going to be dealing with the more complicated rules that apply to exchanges for multiple props, you'll probably just go 1 for 1. 

This will have a copy of the financials, rules and regs, and CC&Rs.  

Please do not rule out used furniture just because a couple of people here recommend against it. 

After reading about the 90 day rule (see below link) for acquisition indebtedness vs home equity indebtedness, I'm still uncertain if the cash-out mortgage interest on investment properties count towards the IRS allowable mortgage interest deductions .

But I think the rules of 1031 actually give them a little wiggle room. 

Hello -- I am interested in short-term renting my house for a bit at the end of this year and ran across the 15 day rule for excluding the rental income from taxes.

- Is there a rule of thumb as to what monthly cash flow is acceptable/good?