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. 

If they don't move it's because they are dealing drugs and don't want to give up their "store front".

There is a garage, however we use it to store all of our furniture (moved in with in-laws to return to school).

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.  

What happens when you run out of food, and your grocery store runs out of food, and the power goes out?

Now single tenants charges above market per sq ft lease rates and if it goes dark likely your second generational tenant will not pay those rates.So if you buy at a 6 cap to 6.5% based on say a 35 sq ft rate for a good area and they go dark and it drops down to 25 sq ft for the second tenant going in you now have a crappy cap rate lower than your debt interest rate.Now if you have a corporate Steak N Shake there is more security as it doesn't matter if the store is losing money all the corporate stores prop it up guaranteed by the lease versus a small franchisee that takes a bath after one to two years of opening.I have decades of restaurant experience and after reviewing the FDD ( franchise disclosure documents) a few things became clear.

Do y'all have a regular meet up?