If your partner reaches out indicating a willingness to try to settle differences, than you can choose to do that on your own, or you can suggest employing a mediator for a two hour session at a reasonable cost, shared by both of you3.

Some might choose to sell and pay the taxes, especially if the market conditions are favorable, but it would likely be a tougher decision without the 1031 option.As for the broader impact, it could hurt the economy by slowing down real estate transactions and reducing the fluidity of investments.

If you can work remote, I would choose a market where you would like to live and where you can invest in deals that cash flow.

I am the custodian (no 3rd party custodian) and beneficiary of both entities and can invest from either as I choose.

Many New York landlords/investors choose not to raise rents because they're worried about losing a good tenant.

if we choose sub contractors for each work and we manage all the work independantly then need to take insurance is that correct ? 

I'm not an attorney so can't explain why he didn't like that.Since I live and own in business-friendly states, I don't worry too much about which one I choose.

Its likely that buyers will be more selective when choosing an agent because they now have to pay, and in the long run they will use someone more adequate, which can in turn help you.  

If the lender contests the funds release and don't choose to release the escrow funds back to you, it can get tied up in litigation and after 3 years will be surrendered to the state by the title company.Your best bet is to go with a legitimate company that will be up front and transparent with you about the terms and costs before you are already committed.Seems like everyone is telling you the exact same thing so I really do hope you make the right decision here.

Just ensure you’re entirely comfortable with the long-term commitment and the specific REITs you choose.