That's not reality, so everything has to be averaged out in some fashion.The challenge is owners like to think in terms of the minimal time it takes to do things ASSuming everything goes well.

Why wouldn't you be able to rent to a long term tenant?

Augustine's STR Ordinance:https://www.citystaug.com/830/Short-Term-Rentals

Airbnb Considerations:For Airbnb, make sure to check local regulations in Tampa regarding short-term rentals.

It can take a little digging but they are not that hard to find especially when you have a solid network of other investors, wholesalers and good investor friendly agents.Location is going to play into all the things you have to worry about in terms of rents, sale prices, crime, STR/LTR.Do you have a specific zipcode or area you are thinking?

Long term rental lot?  

Their expenses might be more than what it costs them to sell it...or what they will charge to make it worth their effort leaves you with no profit. 

Both parties on deed as tenants in common.Putting myself in the money-partner's shoes, even with the expectation of long-term property appreciation, I would want some immediate return on my cash invested.

The 1031 exchange (if executed correctly) will defer all of those long-term capital gains, depreciation recapture, and the NIIT taxes (3.8%) along with state taxes. 

8% to 10% for long term rentals, and up to 30% for a midterm.