It's also possible to participate in a 721 exchange where you might transfer the capital into an investment vehicle such as a syndication if you still wanted to participate in the real estate game without the tax hit.

I’d love to chat with you and exchange stories.

Management fees- free rent in exchange for licensed agent living in the community and coordinating work orders, etc. $288,000 income - $199,600 expenses without management and landscaping = $88,400 / year or $7,366/month. 

My partner and I put in equity 50/50 and got hard money financing in the beginning to put less down, and then we either refinanced or 1031 exchanged into larger assets.

Hi all, I'm buying a new construction via a 1031 exchange as a long term investment property. 

1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).

Let me expand the thought - most DSCR lenders offer a lower rate in exchange for a 3 or 5 year prepayment penalty. 

If I were you, I would be thinking of doing an opportunistic 1031 exchange of the condo into a larger building.

No country exchanges Belizean dollars.  

Sorry that you dislike the reality of the #'s, and no it's NOT with SS, fact and reality is more than 50% of people is US receive various social welfare program benefits, because of mindsets like your championing.My parents nor I was ever exploited, we made an exchange, employment is not exploitation it's an opportunity, only a Communist would coin a job exploitation.