If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.

I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.

Yes we avoid custom work to help keep cost down. 

You can also gain valuable experience virtually and offer low or no cost "co-hosting" services.

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

You need the backup option in case the mid-term rental market changes.Minimizing turn costs and downtime is critical.

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.

It did not cost me $0.01.  

The concept makes a lot of sense but paying $700 a month to network is quite the cost/commitment.

A two month vacancy costs you a minimum of $6,400 plus repairs, paint and eviction costs and 26 months later, if no other problems, you have broken even10.