Could be a realtor or other vendors who want to earn a fee for the service. 

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

It's actually a trend in a lot of places near Destin, where you're close to the action but not paying the premium of being right on the beach.Freeport has a lot going for it, especially if you’re looking for good rental income without the high price tag of being right on the coast.

It will be hard to use your daughter's special buying status and do a 1031.

I'd be happy to share my experience and knowledge with you.

Ordering an appraisal for such a small property would be silly. 

My question to everyone is how do I open a business checking account without my partner being involved?

Quote from @Chad Carrion: It's important to be honest with yourself.

Also if anyone has connections for local wholesalers that would be great. 

Rent income can be higher, but the workload will be significantly higher.