The numbers often look the best in some of the worst areas to manage and on properties that have the most deferred maintenance.

They could have used that money for much better investments that would have allowed them actual financial freedom.People look at tax deferment as if it is some pot of gold that then dictates their very life.

Or you wanted to also defer depreciation recapture.  

Tampa’s market has been hot, but if appreciation slows or reverses, you could miss the window to maximize your gains.Exploring a 1031 exchangeA 1031 exchange could allow you to sell the property, defer capital gains taxes, and reinvest into a property with stronger cash flow.

In order to defer all tax you must purchase at least as much as your net sale ($500K ish). 

Your requirements to defer all tax are to purchase at least as much as your net sale. 

Like deferred maintenance, (bad roof, worn out water heater/AC Unit, warped flooring, water damage) etc, unpaid utilities,  unpaid taxes, a second loan, unpaid HOA fees, a bad pool, bad reputation, sometimes squatters, sometimes they were drug houses, and so on.

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

This is one aspect of the “window dressing” to which I defer.3.

Eventually 1031 and defer until you die.