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Having real estate as part of a portfolio vs. those trying to "scale" it into FIRE or a business because they watched some guru say it was easy, well it is the furthest from that.

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If they’re selling for a $400k+ gain they could look at a 1031 for:A super nice 2-4 unit they wouldn’t mind living in a unit of where the rental portion exceeds their 1031 sale. 

Add two more bedrooms and you're on easy street.

But owning 29 houses seems to be an easy number to self manage so I think I’ll hold off on buying anymore and keep it simple with what I have.

It’s easy to get caught up in the excitement of a potential deal, but skipping this step can lead to costly mistakes.Getting your real estate license is also a solid strategy just realize once you have a license wholesaling may not be in the cards as its a very gray area.Lastly, since you're planning to buy properties for yourself in 2026, start laying the groundwork now.

Thank you so much This is actually pretty easy.

Role-playing.     . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?  

I just can't imagine why you would liquidate your successful, growing real estate holdings to send your money off to something that is super risky and doesn't pay that well over the long term.