The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

We invest the rest in our business and reinvest all the profits from the business back into the business. 

PM me if you want the contact (they deserve some business for their great support, but if I do not close I have no need for the insurance).Good luck Thanks Dan,  where in CA is that property at very good price for what your describing !!!

In the first half of 2024, Nassau and Suffolk saw 45% and 43% increases in inventory respectively.

If they don't, the document says their consequence is that they will automatically convert to a month-to-month rental on [DATE] with a 25% increase to their rent.

Yearly increasing costs will, in time, eat up any profit they have per unit.

Death Rate: The death rate has been gradually increasing.

By the time he covered eviction costs, lost rental income, and re-renovated after tenant turnovers, any potential gains were erased.Seven years later, his properties had appreciated to about $130,000 each—a 62% increase on paper.

Hey Steven,I’d recommend reaching out to your county assessor to inquire about the increase.

Incredibly poor business deal.