I am still working through the end of the month so my boss has time to replace me, but after that let's talk.  

The house needs everything: Roof, gutters, siding (asbestos shingles nailed over older cedar shingles), drainage abatement, rehabbed bath, total kitchen, replaced flooring (half), refinished flooring (other half), back steps, total landscape, HVAC (old furnace is missing), insulation (2" in attic; none elsewhere) additional electrical circuits, plumbing includes iron pipes, interior trim and paint.

@Nathalie Hirsch There are certain 'safe harbors' and guidance from the IRS in connection with vacation home rentals.The IRS will not challenge whether a dwelling unit qualifies as §1031 exchange property held for productive use in a trade or business or for investment if: (1) the relinquished property is owned by the taxpayer for at least 24 months immediately prior to the exchange and a replacement property is owned for at least 24 months immediately after the exchange (the “qualifying use period”) and (2) within each of the two 12 month periods constituting the qualifying use period, the taxpayer must: (a) Rent the property to another person or persons at a fair rental for 14 or more days; and(b) The taxpayer’s personal use of the dwelling unit cannot exceed the greater of 14 days or 10 percent of the number of days during the 12 month period the dwelling unit is rented at a fair rental.

Despite having a cleaning crew come through and brand new carpet/padding installed, drapes removed, AC filter replaced, it still has an odor that was not there prior.

Long term, my goal is to build the relationships and skills I need in order to create a property portfolio that will replace my current income and continue to grow.I have found the information on BiggerPockets very helpful so far (especially the podcast).

It was chirping and I replaced it the next day.His money order will probably come in next week should I accept it and start eviction process for him to leave July 1st or should I start eviction process immediately?

More durable and easy to replace small areas.

Is it more economical than removing old tub and replacing with new?

I understand an AC or a roof has a life span and they will eventually need to be replaced but lets assume after 15 years of holding the property, nothing broke or wore out.What are peoples experiences with this?

I've told the tenant that the potential replacement has to be approved by me and if so, then we can take the next steps.