To defer all tax you must purchase in total at least as much as your net sale.

STR seems to have better tax benefits (in the right market) but is it worth it at a distance ???

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Folks still like gas for cooking and it can be used for the fireplace to avoid wood/sparks/soot/etc.

If 1031 is to be implemented it must be done on the property level.2. 1031 generally does not apply to IRAs since they are tax-exempt. 3.

I 100% endorse adding in the escrows for taxes and insurance to set the buyer/borrower up for success. 

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

No problem.. what I did with my ridgeland and Madison rentals and I had bought 12 new builds for the Gozone tax bene's post Katrina..

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

If you live in it for two years, you should be able to sell tax free up to 250k if you're single.