Rentals Depreciated Out...now what?

[Joshua Schmidt]

I have a friend that has about 12 properties they have had for over 27 1/2 years. The properties are completely depreciated out, they are all SFR, and I'd like to be able to give them solid advice. We have already spoke about doing a 1031 exchange with them, but I want to make sure that is something that is good for them. I believe they would be open to that option, but if there are other options, I'd like to hear them.