I can see how headaches and hassles can make selling a more appealing option, especially when the market conditions are right and your point about taxes and having a replacement property ready for a 1031 exchange is really valuable.

We replaced floors, repainted every inch of the interior, and fixed everything that needed attention.

But how can we draw a line between repairs and replacement?

A reverse exchange is where the intermediary creates an entity to take title of  your replacement property before you close on your relinquished property.

Paid $800 for a structural engineer to write up a 10 page piece of fluff telling us all the ways we could spend money to fix the sinking but settled foundation.

I've been educating myself through books and podcasts on topics like sourcing off-market deals, deal and property analysis, creative financing, and title reviews.My fiancé is an architect that works with GC's and structural engineers to design homes ensuring they are functional, aesthetically pleasing, and safe- which I hope will help me navigate this space as I grow my knowledge.

We haven't closed on the home but the home had couple of engineering problems that the builder has identified during the construction phase and have advised that they are going to provide disclosures for the same.

Once you have the property under contract, go market to local businesses to find your replacement tenant. 

I am known around here by many as the 1031 exchange replacement finder.

My goal is to invest this capital into multifamily residences (as few as possible) to replace my active income completely with passive income.