It will probably be helpful to share our knowledge and work towards the same goal.I’m also open to helping out in other areas to gain experience/knowledge in the field so if you need a hand please don’t hesitate to reach out.Looking forward to meeting you all and excited to join the Bigger Pockets Community!

This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project. 

Is it better to use "involuntary conversion provisions to take a deferral of the gain on the loss of the previous roof assets and continuing depreciating the prior assets as is"?

You have areas where property taxes are going up too fast based on the over valuation of properties  ( tax on unrealized gain ) .

I thought this was strange, and they commented they wanted to buy it because they had a large gain and wanted to buy it to offset these gains.This was an immediate red flag.

I'm just wondering how to handle the capital gain tax between me and my partner.

You will have earned $90,000 in rent income and gained $34,000 in appreciation after five years.or...Buy four houses with $50,000 down on each.

Am I subject to any tax or capital gains tax on that 100k?

It’s gaining traction in some areas as a proactive approach to stabilize tenant behavior and reduce defaults.

Even the modest 4% annual appreciation equals wealth gains far above any monthly cash I can make on a rental.