And HOA insurance coverage is very minimal so if something does happen, HOA likely won't be able to pay for much.  

This is proof of what they are actually paying and the current owners are not fluffing the books to make the assets more valuable.

Since I am new to real estate investing I was wondering if I would pay capital gains taxes when this property sells? 

My wife and I are considering selling our current property and moving into another, but as I’m sure many of you know, those events don’t always line up perfectly to prevent paying for two places at once.I’ve heard rumors about a program that allows the temporary freezing of mortgage payments on properties for sale by owner while they begin paying for other properties.

We pay a shade over $5000 for a 2 ton

I am likely going to be paying approx 300K stupid tax on their account.

The seller will be responsible for paying the agent commission.

Add cash flow and equity pay down for total return.  

The nice thing for you with a 1031 from that STR to an area like this is that you'll lose a lot of monthly expenses that LTRs usually pay. 

First off, I have some multiplexes I own in different areas of the city and none of them have been metered separately for water so I pay it and just charge a little more for rent.