The 1031 exchange will indefinitely defer all tax on profit and all depreciation recapture.

@Charles EvansFrom my experience, having rental income of $1,400 to offset a $2,600 mortgage, leaving you with a $1,200 payment, is a manageable setup with an income-to-mortgage ratio of 28.5%.

Honest... not great but we had other tax reasons to get into them.   

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.

It’s a great way to maximize rental income while offering a unique solution to tenants.- Value-Add Investments: Beyond cosmetic upgrades, think about adding amenities like solar panels, EV charging stations, or smart home tech.

On a commercial asset the value is directly based on the NOI (net operating income).

Essentially you are creating future tax free income by being able to roll over these losses.If your income is between $100,000 and $150,000, a portion of that $150 loss is deductible and the rest rolls forward.If your income is less than $100,000, your loss is fully deductible - and THAT's the cool thing about rental income. 

I also agree that there have been so many syndicators who's deals have dried up and they have resorted to teaching/mastermind as a source of income. 

It's an amazing market here with so much incoming growth due to population growth, job growth, and companies moving/developing here!

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)