It’s very hands on for most owners (high turnover employees  and employees stealing bc of cash sales) so as long as that’s something you’re willing to do it’s likely a great option for you. 

Question for mike, I have a full time job as a carpenter and am a W2 employee.

Quote from @Dave Foster: @Vicente Hernandez, Kudos to you for looking for ripe markets to grow.  1031 exchanges are still comparatively rare compared to the number of transactions that potentially qualify. 

By delving into buyer preferences and behavioral patterns, these algorithms offer tailored recommendations that resonate with clients, fostering deeper connections and driving heightened engagement.Insights into Future Market Trends: By harnessing the power of data, generative AI provides predictive market insights that empower decision-makers.

Joined my dad's company after college as an employee, which makes my story a little unique and well, rather uninteresting. 

True , GC is like a teacher to subcon , but after years of experience , it is the GC that’s hands on , practical and having leverage.my GC guy would kill me if I hired his subcon and giving him 40 dollar per hour , for example , lol.GC and subcon is like manager and employee in tech company lol ….

So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduce your W2 taxable income, but also equally difficult to qualify for, unless you are within a short driving distance to your property.  

Within the Inflation Reduction Act that was just passed a couple weeks ago, the IRS just allocated $78 billion to hire 87,000 new IRS employees.

Once you have self-income, and if you don't have employees, you can set up a Solo 401K (and Solo 401K Roth), the best option of SDIRA options, and contribute tax-deferred/free $69,000 per year (and $69K for your wife, if she's a managing partner in the PM LLC), thus setting aside a big chunk for more investments (private lending, notes, syndications, even more houses).

2) if you need a QI and you need an answer to this complex question reach out to @Dave Foster, he’s the go to expert in 1031’s.