This strategy could help him boost retirement income while avoiding capital gains taxes, but consulting a tax professional or 1031 specialist is essential to navigate the process correctly.

Is the camera set up to point at their car (ie the tenant who owns the camera is using it to monitor their car) or to point at the other tenant's car?

However, the tax benefits of LLCs can vary, so it’s a good idea to consult with a US-based tax advisor.

Even if I wasn't I would still suggest doing it yourself, great way to monitor the business.   

We are licensed in HI and I would be happy to do a free consultation to see which option makes more sense for you. 

@Sara ValentineI would consult an attorney and/or PM that knows local and federal lawsgood luck!

Feel free to reach out to one and set up a consultation call.

While the support sounds nice, I can buy quite a bit of consultation and legal help for $60K, and that doesn't even figure the royalty.Nothing against the franchises, I spoke with PMI and was impressed with their business model, I just don't like the idea of paying fees to be restricted operationally. 

I would suggest that next time you consult your attorney before making such loans to insure all your ducks are in a row, the hazard insurance policy for example should have been done correctly to begin with.

The vision of this program is to help the investor determine if it is a viable file AND to monitor the property’s investment value after purchase.