My first rental has a roof leak , my regular roofer is on vacation for a month .

Jerry Hernandez this is what I've done with the agents I work with regularly and it works perfect.

It is also possible to start off with a regular Forward 1031 Exchange (sell SFRs first, buy multi-family later) and combine or end with a Reverse 1031 Exchange if not all of your SFRs have sold by the time you must acquire your replacement property. 

Was it something that you researched and then followed, or do you go out to Kansas City regularly? 

Since we have not had to file a tax return for the LLC, we have not talked in depth with out regular tax guys at all yet. 

The 10% is good for regular maintenance but when the roof, the HVAC or the plumbing goes you had better have some capital reserves.

Vacation rental should be treated the same as a regular rental since in a sense they both are considered investments.  

Do y'all have a regular meet up?

Check Homepath regularly, or an agent can set up their own alert so they are notified immediately.  

Then you've got something with more Equity and more Cash flow.Also figure out what you and your spouse can do to max out your jobs (promotions, increases, CEUs, Courses in new technology, degrees.