As far as screening, I require all of my applicants to supply a background check which they get through the local police dept, fill out an application and show their last month worth of pay stubs.

If the seller does not need the cash now and is happy with regular payments, get the longest term and lowest rate they will agree to.  

My first rental has a roof leak , my regular roofer is on vacation for a month .

Jerry Hernandez this is what I've done with the agents I work with regularly and it works perfect.

It is also possible to start off with a regular Forward 1031 Exchange (sell SFRs first, buy multi-family later) and combine or end with a Reverse 1031 Exchange if not all of your SFRs have sold by the time you must acquire your replacement property. 

Was it something that you researched and then followed, or do you go out to Kansas City regularly? 

Since we have not had to file a tax return for the LLC, we have not talked in depth with out regular tax guys at all yet. 

The 10% is good for regular maintenance but when the roof, the HVAC or the plumbing goes you had better have some capital reserves.

Vacation rental should be treated the same as a regular rental since in a sense they both are considered investments.  

This both causes starvation in already struggling communities and limits foreign aid from coming in either with supplies or medical professionals (because sadly, far too many doctors and nurses in these three countries have either died trying to treat a disease they're ill-prepared for or just flat-out refuse to go to work knowing that chances are they will meet the same fates of their colleagues).