Forth, if you live in the property for 2 out of the past 5 years you don't pay capital gains if you sell! 

Get a few deals, get your feet wet, while still gaining knowledge on LLC, S-Corp, etc, then pull the trigger.

Tenant understands that although the Landlord makes every effort to make the Leased Premises safe and secure, this in no way creates a promise of security.I've never had to go to court over something like this and am not sure it would carry any weight but I figure if I'm making a good faith effort to keep the place secure and I have this in the lease it can't hurt. 

We are hoping to make this a crucial learning experience, so whether we succeed, fail, lose, or gain, at least we took action.

Hi Marc,You best bet is to compile a list of property management companies off of Google and call each company to see if they manage the types of properties you invest in and to gain an understand of their background and track record.

The lease is up in 5 months, and we were considering putting the house on the market (we were lived in the property for a few years and are trying to avoid capital gains taxes when we sell this investment income).Thanks for any suggestions as I have never had to go through a claims process this extensive in any realm.  

Ideally i would then like to use Rental Income from AirBnB to pay off source of funding for rehab on primary residence and being able to pull out profit from equity gained to use on another real estate investment.

I do think you have gained something in this experience.

Are you looking for something livable and could cash flow or are you looking to gain a lot of equity through renovation.

I think I should also note, the main house is in my name only and would not be subject to capital gains tax.