How do others set theirs up?

But since you still have lived in the property for 2 out of the previous 5 years you could take  the $250,000 as well as defer the rest of  the tax in the 1031.

Since all the expenses on the calculator were listed as annual, I took the monthly values on the realtor website and multiplied them by 12.I'm very confused on what maintenance costs should be estimated at, as well as what I should put for monthly rent.

All those other areas you mentioned are expensive as well.

He's also an active investor in the area. well thats not true you can buy sub 100k fixers in basically every rust belt city and deep south mid west city..

Travis This is a great question and one that I've tried to get more context, as well. 

Hopefully, this will entice new buyers as well!

We use Remotelock as well - as previously mentioned they charge $.99 per lock per month but to pay annually it is $10.68. 

I would like to set up an LLC for my house, but there's not a lot of information out there on building a rental property in your house.

Ive seen this work well, as its not exactly clearly defined how long the IRS wants the holding period.