Alecia, I also have 6 properties, no trusts, basic stocks, etc.

If I put the money in the stock market, and got a 10% return, well, after tax on the gains, that return is more like 7.5%.

The same type of property usage needs to be maintained to qualify for the 1031 exchange.Also, be aware of the time limits involved in a 1031 exchange.

With its inviting curb appeal and well-maintained landscaping, 17 Penny Lane stands as a testament to both style and practicality.Upon entering, you are greeted by a warm and welcoming atmosphere that flows seamlessly throughout the property.

I also maintain a full time day job.

As for what I had visioned - I would be managing the property myself from afar, while paying a local cleaning service to maintain the property.

With the HOA payment at the condo, I don't pay any utilities, I don't worry about landscaping or maintaining the multiple pools, hot tubs, lazy river, etc.  

Unlike a SBLOC I mentioned above, the money you take out as a loan from a 401k is no longer invested in the stock (or bond) market.

Account ClosedThe challenge for any PMC is trying to keep ALL their owners happy - despite owners having various approaches to maintenance ranging from:1) Slumlord2) Over-improving like they will live thereOur best approach to all this is to, "Maintain to the Neighborhood". 

The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.