Purchase price: $74,000 Cash invested: $30,000 Beautifully renovated 4-bedroom split-level home that features a new galley style kitchen with 42" soft close cabinets, stainless steel appliances, recessed lights, updated baths with modern vanities and fixtures, large living room that leads to separate dining room off kitchen, three spacious bedrooms on 2nd level with modern decor, large lower-level family room with ceramic tile flooring with well-placed laundry cove, and recently laid sod in front and rear of property.

If it is the first, one of my rentals is a townhouse style condo for 55+. 

That is their style and it works for them.

That is a small kitchen so looking at less than 10k all in, the flooring 7-8k if you are using a life-proof style LVP and drywall/paint about 5k based off your SF.

Most sellers/homeowners only know 1 way to buy & sell, you the investor should have multiple acquisition tools in your tool belt that fit your investment style.

Despite hiring a property manager to get the house rented, we've faced challenges in finding suitable tenants.The property is a lovely 3-bedroom, 2-bathroom house that has recently undergone renovation.

With a 1031 exchange I get to defer any capital gains taxes but the downside is the investment is locked into another real estate property assuming I can find something suitable within the 1031 exchange timelines.

If so, it's his responsibility to ensure suitable accommodation for them.

Especially since this tenant is a younger, college-aged person and potentially would be a high risk for things like leaving the gas on.Any recommendations on brands/models/styles for a long lasting electric stove/oven?

@Jonathan Baptiste It is too difficult to bill back people with rent by room style of house hacking, you will be unable to make it "fair" for everyone since some people take more showers than others, some people cook more than others, so how would you bill back those renters, or if one renter is gone for two weeks visiting family?