Overall, it's been pretty profitable. 

Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.

Likely not allowed in the lease and if the landlord were to allow it they will partner with you and take a good chunk of the profits.

These are reported on your Schedule K-1 and taxed at your marginal tax rate.

We had 20 high net worth investors who placed equity and debt with us with a profit splitting arrangement.

So from experience I can't say it has been beneficial or not to our profit.

I've since created a similar program within my office and it's a profit center.

Sell,  pay the taxes, and give them their $1,000 plus half the after tax profits?

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

I own a 3 apartment income property (almost paid off) and I wanted to ask you for some advice regarding acquiring more properties like this. would you suggest selling the income property and use the profits to acquire more properties or keep it and finance any new property with a new loan. what is more appealing to banks?