However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

If you can find a good property manager who charges reasonable fees, it could free up your time while still allowing you to scale your investment portfolio.

If you have any more questions, I'd be happy to schedule a call, feel free to DM me.

the other one I just had a small 1031 did a tic with one of my long time partners who owned 100 units almost next door ( I brokered him those) so he could have his existing PM take over and we set it up on a 6 year payoff NO cash flow neither of us need cash flow we just want free and clear..

I am not sure if I should stay local to my market.

Also, consider a portfolio loan to consolidate and free up capital.

Quote from @Austin McDonald: I'm using Capital One at 4.23% Ally: 4.25% APYMarcus: 4.30% APYM1 Finance: 5.00% APY (must be an M1 Plus member, but I believe they’re still offering free trial.  

This helped me yesterday when someone inquired about a stay in October. 

Feel free to message me directly! 

Any other questions feel free to DM or email me!