What's the exact formula?

I have been doing Airbnb solely for 2 1/2 years an a SFH and even with internet connected lock and camera, maid service, auto price online service; I still have to spend 3 to 4 hours a week at the house checking condition, replacing supplies, and doing minor repairs.  

Has anyone used mini split systems in apartments, and if so, have tenants been happy? I have one and two bedroom units around 700’ each. These are located in Oklahoma so there is potential for occasional temps in sing...

Could anybody please explain to my these 1013 rules below with examples in numbers keeping in mind that my numbers are:purchased for 250 all cash dealsold for 600 - 30k for real estate agent = 570KTypes of Replacement Properties to Identify: Three properties without regard to their fair market value.Any number of properties as long as their aggregate fair market value at the end of the identification period does not exceed 200% of the aggregate fair market value of the relinquished property as of the transfer date.If the three-property rule and the 200% rule is exceeded, the exchange will not fail if the taxpayer purchases 95% of the aggregate fair market value of all identified properties.I do not understand exactly what "aggregate fair market value" means and especially the third point is a mystery... if you made it so far ;) and understood I misinterpreted the BOOT, could you please explain it to me with a clear explain in numbers?

Much Appreciated,Adam  Adam,You've done well to outline a very good plan here...and I don't just say that because its the exact one I started with:)  You are wiser than most in that you've developed a solid plan rather than just jumping in.

M.I.P is willing to replace HVAC’s, roofs, windows, etc. when needed, but they will minimize the renovations based on the age of major items, etc.This house needed a new HVAC/condenser, but the roof and floors were in average condition.

The condition of the property, opinion of the property manager and brokers will be the best way for you to estimate rehab expenses per unit. 

Should we do a walkthrough inspection of the property to establish the condition just after the MIL couple moves out?

I didn’t do a Move in Condition Report and wanted to know if I should do some sort of report on the condition of the house now, six months into the two year lease.

It’s in a nice area and the homes around it are b-c condition.