Now, you still have to comply with all of the standard 1031 rules -- including (A) buying properties that are at least as valuable as what you sell, and (B) moving all of your equity from the STRs into the LTRs -- then you may still pay some taxes even with a 1031. 

As long as you are buying below the median,  you will do well in this business.Rates are a big factor for us as investors but layoffs are THE big one here as it directly effects the consumer's ability to pay their/mortgage. 

The amount of concessions we’re asking don’t include the entirety of the things that were on the inspection report, we’re asking for about 17k in concessions. 

Price is definitely a factor but if you think it's comparable to what's out there, I would try the photo change first.

When you lose that lawsuit, the court will issue a judgment against each and every partner for the full amount of the damages (which can also include court costs and post-judgment interest and depending on the terms of your loan agreement, maybe even the lender's attorney's fees for the suit). 

If you're operating an STR out of an ADU (includes basement ADUs) you can only STR up to 120 days/year.

I have a large team in the Philippines which includes appointment setters. 

I was also planning on paying cash for remodel but fix and flip supposedly includes this in their package? 

Surprisingly, Easy Street Capital has a fair number of science majors (myself included).

Since it is going to be a rental, first concentrate on any items that need maintenance immediately that prevent it from being rented now (creating cash flow)(including all parts to be working, such as HVAC, plumbing, electrical, etc.).