If I knew then what I am learning now, I might be in a whole different situation at this point in my life.What books or tools have been successful to get the 'penny to drop' for your teenagers and which ones fell on deaf ears?

It depends on your tax situation, and here's a detailed explanation:  https://www.biggerpockets.com/forums/51-tax-legal-issues-con... 

In the MLS listing, I initially offered $10k above the asking price due to multiple bids.

A simple LLC should work fine for your purposes (based on your post, I'm not aware of your situation entirely)

Coordinating multiple crews on same job site and dealing with their conflict and backbiting.

We live in the midwest.Hi Moshin, like Zach said, it really depends on what you're paying for and your specific situation.

But there could always be situations where a hold of less than or more than a year is needed so you can demonstrate your intent.Once you feel that you can demonstrate that intent you can then 1031 that property and you can exchange it into any other type of investment real estate. 

You can get high cashflow in multiple markets like Cleveland, Dayton, and Toledo.

It isn't necessarily a worse situation, but it usually means that you will not get the same tax deductions.

I will listen and consider the story, but applicant is likely denied.Naturally, you have to apply judgement in gray area situations.