For me vinyl isn't cheaper.On my units vinyl is 350 for the down stairs and tile is 475.With the turn rate of units in low to mid range rentals life expectancy is generally 3 years before you need replacement from too much wear and tear.If you hold for 10 years that is 350,350,and 350 which is 1,050 over time in costs versus 450 today for tile.Actually it will be much higher than that as in 3 years and 6 years time the cost of material and labor will be higher than today.Tile is very cheap.The most expensive component to tile is the labor to install it.You just have to look around to find quality work at a great price.

Do you think the IRS is going to rule that the personal property components affixed to the real estate in a 1031 exchange are "other property" and thus boot, or ignore it?

Each of those scenarios has a big investment component, and many members of the Bigger Pockets community could give you excellent advice about them. 

It's actually as follows:Fannie Mae is expanding the definition of reserves to include all components of the monthlyhousing expense (PITIA), including: principal and interest, hazard, flood, and mortgage insurance premiums (as applicable), real estate taxes, ground rent, special assessments, any owners’ association dues (excluding any utility charges that apply to the individualunit), any monthly cooperative corporation fee (less the pro rata share of the master utility chargesfor servicing individual units that is attributable to the borrower’s unit), and any subordinate financing payments on mortgages secured by the subject property.For properties 5-6: six months of reserves on the subject property if it is an investment property, and six months of reserves on each other financed second home or investment property.For properties 1-4: six months of reserves on the subject property if it is an investment property, and two months of reserves on each other financed second home or investment property.

The work turnkey has been used and abused but simply stated all major components have been replaced, the home has been renovated to 2020 standards esthetically and to code, and will attract a highly qualified tenant.

@Eric Metz@Eric PinterEric Mentz, thanks for sharing.Eric Pinter, I think this is the key component which makes successful TK companies with long term visions successful.  

-It seems there is also a personality component to this question. 

What if a key component of the contract gets misused in translation?

The city of Portland also recently passed inclusionary zoning mandates that require any multifamily development that has over 20 units include 20% of affordable housing component. 

I like this, in that it's far easier to move factories away to another state or abroad, compared to huge healthcare facilities with significant research components, and which serve lots of patients, both locally and from farther away.6.