Once the building is sold it generates a Section 1231 Gain and that can be offset by release of the passive losses from the syndicate that have been carried forward.

Look forward to connecting!

When I worked with a friend in a similar situation, they ended up splitting the difference by moving forward with the 1031 for just one property instead of two.

You learn as you move forward.

You seem determined to move forward anyway. 

I look forward to chatting! 

I would appreciate tips from anyone who has experience making this model work in these areas or similar markets.Looking forward to your advice and recommendations!

Back when a close friend of mine; he’s a commercial landlord in Phoenix who once took on a quircky triplex in a tough neighborhood..decided to reshuffle his insurance setup, I saw firsthand how getting stuck in a clunky policy can really stall your forward momentum.

By working backwards, you are establishing each class schedule based on what is needed to move forward. 

This situation has been incredibly stressful, and finding a viable path forward would mean a lot to my family.Thanks in advance for your help!