You can also get fans that remain on for 15 minutes afterwards and then automatically shut off. 

Remain responsible for rent until a new tenant takes over.Most tenants will choose the first option because it gives them a specific cost.

I'm not sure you're calculating everything correctly.Assume about 50% of the income set aside for expenses (taxes, insurance, utilities, maintenance, capital expenditures like the roof, vacancy, etc.)The remaining 50% is applied to your mortgage (principal and interest).Anything left over is your cash flow.Use the BiggerPockets calculator to run the numbers and see if it works.Have you considered a house hack?

As long as this satisfies your reinvestment targets then your 1031 is complete. 

You do one wrong thing (which might be a very minor detail) and you have to start the process over - allowing the tenants to remain in the property even longer. 

For your entertainment, the first deal structure600,0005% down 30k, 2k for 36 mths=72k, balloon payment of 540,000 in year 372k=5% 30k towards 10% downpayment with the remaining 42K as financing fee to seller for holding the note for 3yrsyes I know it looks like a drawing with fat crayons by a 2 year old/unfortunately you don't know what you don't know!!

My overall reading, though, is that values will remain the same for the vast majority of residential property owners.This is also a good time to remind everyone, especially out-of-state investors, that Texas is a non-disclosure state, meaning that owners of homes and other properties are not required to disclose what they paid for the property.

One thing remains true - there's strong rental demand across the classes so long as you're in a location that is suitable for renting.

If the property is generating 10% CoC and cash flow remains relatively the same after the refi, returns on the remaining equity in the deal should be high enough to give you that 50/50 split for the rest of the hold period.

If they are not satisfied with could call employer.