The 3/1 we rented to a late 50s couple with an elderly parent and their college-aged son who is home on breaks. 

You are way ahead of 99% of real estate investors for the age of 23.

1031 exchanges are good for level up - income, age, location, appreciation. if you like what you have, keep them, if not sell them.

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.

Given my age, I am really limited in what I can physically do so I am trying to further my education anyway I can!

I don't know what's wrong with the unit - parts, old age - but get it fixed or get a new one.

I have realized that in the digital age we live in today - it is important to create 'instagrammable' moments in your short term rentals - to cater towards the clientele you are seeking to book your rentals. 

While I know that leaving no review is a possibility, they left us a review very quickly and my guess is it's a 5-star review since I went out of our way to not just answer her questions regarding recommendations for sight-seeing (and provide the links she requested) but to bring in more options (including a playset and keva planks) for the younger group of kids (since I realized most of our games were structured to a slightly older age range).

The middle-aged adult with 4-5 properties, I would recommend they start to prune their investments. 

And I of course am looking to attract quality tenants and get the experience of land lording where I can eventually walk away from my w2 before typical retirement age (I’m 31).